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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $378,624 |
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO ADVISORS Service code 16 · EIN 34-1542819 | Consulting | $90,000 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Filed as: WILSHIRE ADVISORS LLC 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 | $77,859 | $130,141-40.2% | $86,677-10.2% | $77,904-0.1% |
| Participation rate | 94.7% | 85.9%+8.7pp | 76.6%+18.1pp | 73.7%+21.0pp |
| Annual return | -15.74% | -12.75%-3.0pp | 35.91%-51.6pp | 12.21%-27.9pp |
| Employer contribution / active EE | $716 | $3,220-77.8% | $2,836-74.8% | $2,848-74.9% |
| Participant deferral / active EE | $4,221 | $5,757-26.7% | $4,656-9.3% | $4,806-12.2% |
| Admin fee / account holder | $179 | $132+36.2% | $7,493-97.6% | $133+35.4% |