Filed June 9, 2020
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $148,189 |
Service code 49 · EIN 74-2794194 | Other Services | $13,480 |
THE RETIREMENT ADVANTAGE INC3+ years Service code 49 · EIN 39-1816008 | Other Services | $3,720 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,819 | $96,458-70.1% | $136,294-78.9% | $77,958-63.0% |
| Participation rate | 96.7% | 75.4%+21.3pp | 81.9%+14.8pp | 71.6%+25.1pp |
| Annual return | 28.88% | 23.78%+5.1pp | 5155.94%-5127.1pp | 20.87%+8.0pp |
| Employer contribution / active EE | $1,831 | $3,144-41.8% | $4,695-61.0% | $2,310-20.8% |
| Participant deferral / active EE | $4,377 | $5,902-25.8% | $6,247-29.9% | $3,537+23.8% |
| Admin fee / account holder | $63 | $80-21.8% | $9,243-99.3% | $97-35.4% |