Filed October 25, 2017
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 | $147,298 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542719 | Advisory (Plan) | $50,000 |
Employer 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 | $40,440 | $90,410-55.3% | $91,001-55.6% | $77,958-48.1% |
| Participation rate | 95.2% | 86.4%+8.8pp | 75.6%+19.6pp | 71.6%+23.6pp |
| Annual return | 16.36% | 21.34%-5.0pp | 4.60%+11.8pp | 20.87%-4.5pp |
| Employer contribution / active EE | $376 | $3,392-88.9% | $2,456-84.7% | $2,310-83.7% |
| Participant deferral / active EE | $3,890 | $4,816-19.2% | $3,547+9.7% | $3,537+10.0% |
| Admin fee / account holder | $181 | $79+129.9% | $5,417-96.6% | $97+86.4% |