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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $170,806 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $28,519 | $88,874-67.9% | $123,544-76.9% | $75,289-62.1% |
| Participation rate | 97.6% | 75.9%+21.7pp | 82.3%+15.3pp | 72.4%+25.1pp |
| Annual return | 3.71% | 4.22%-0.5pp | 119.20%-115.5pp | -0.04%+3.7pp |
| Employer contribution / active EE | $1,847 | $3,256-43.3% | $4,628-60.1% | $2,405-23.2% |
| Participant deferral / active EE | $4,540 | $6,174-26.5% | $6,426-29.3% | $3,739+21.4% |
| Admin fee / account holder | $59 | $95-38.0% | $9,284-99.4% | $102-42.7% |