Filed February 26, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,065 |
Service code 49 · EIN 52-2114207 | Other Services | $2,912 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $70,991 | $66,528+6.7% | $86,874-18.3% | $86,799-18.2% |
| Participation rate | 25.8% | 72.4%-46.5pp | 71.6%-45.8pp | 72.3%-46.4pp |
| Annual return | 29.95% | 19.56%+10.4pp | 63.52%-33.6pp | 97.91%-68.0pp |
| Employer contribution / active EE | $712 | $2,007-64.5% | $2,495-71.5% | $2,405-70.4% |
| Participant deferral / active EE | $759 | $3,240-76.6% | $3,699-79.5% | $4,131-81.6% |
| Admin fee / account holder | $15 | $148-89.7% | $5,828-99.7% | $170-91.0% |