Filed July 18, 2024 (most recent of 5 filings on file)
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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $413,727 |
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO ADVISORS Service code 16 · EIN 34-1542819 | Consulting | $120,000 |
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,200 | $144,996-35.0% | $111,297-15.4% | $93,030+1.3% |
| Participation rate | 95.8% | 86.2%+9.6pp | 77.3%+18.5pp | 73.9%+21.9pp |
| Annual return | 13.62% | 18.26%-4.6pp | 54.65%-41.0pp | 158.70%-145.1pp |
| Employer contribution / active EE | $166 | $3,056-94.6% | $2,731-93.9% | $2,706-93.9% |
| Participant deferral / active EE | $3,906 | $5,587-30.1% | $4,487-12.9% | $4,562-14.4% |
| Admin fee / account holder | $196 | $103+89.0% | $7,964-97.5% | $152+29.0% |