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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $72,603 |
Service code 49 · EIN 52-2114207 | Other Services | $10,454 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,229 | $117,025-27.2% | $91,541-6.9% | $85,563-0.4% |
| Participation rate | 28.6% | 64.2%-35.6pp | 69.8%-41.1pp | 66.0%-37.3pp |
| Annual return | 8.34% | 18.02%-9.7pp | 20.50%-12.2pp | 31.51%-23.2pp |
| Employer contribution / active EE | $673 | $2,120-68.3% | $2,505-73.1% | $2,654-74.6% |
| Participant deferral / active EE | $1,036 | $3,446-69.9% | $4,008-74.1% | $4,375-76.3% |
| Admin fee / account holder | $346 | $1,242-72.2% | $6,956-95.0% | $834-58.6% |