Filed June 10, 2022
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 8-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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $296,808 |
Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 49 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111 | Other Services | $76,837 |
S B H U LIFE AGENCY INC1+ years Service code 49 · EIN 13-2896238 | Other Services | $18,508 |
WILSHIRE ASSOCIATES INCORPORATED1+ years 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,776 | $46,969-66.4% | $154,107-89.8% | $73,367-78.5% |
| Participation rate | 11.5% | 72.4%-60.9pp | 83.0%-71.6pp | 69.5%-58.0pp |
| Annual return | 153.08% | 821.68%-668.6pp | 735.12%-582.0pp | 173.45%-20.4pp |
| Employer contribution / active EE | $68 | $1,723-96.1% | $5,298-98.7% | $2,499-97.3% |
| Participant deferral / active EE | $252 | $3,162-92.0% | $5,081-95.0% | $4,033-93.7% |
| Admin fee / account holder | $66 | $47+42.1% | $13,411-99.5% | $68-3.2% |