Filed September 14, 2018
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 | $50,921 |
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO CLEARING SERVCIES LLC Service code 27 | Advisory (Plan) | $22,043 |
MAXUS PLAN SOLUTIONS7+ years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 13 · EIN 45-4012897 | Contract Administrator | $8,278 |
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,707 | $65,061-37.4% | $143,757-71.7% | $66,914-39.2% |
| Participation rate | 88.5% | 65.2%+23.3pp | 80.3%+8.2pp | 69.8%+18.7pp |
| Annual return | -12.75% | -11.14%-1.6pp | -0.04%-12.7pp | 1.58%-14.3pp |
| Employer contribution / active EE | $1,493 | $2,361-36.8% | $4,951-69.9% | $2,544-41.3% |
| Participant deferral / active EE | $3,085 | $2,919+5.7% | $5,637-45.3% | $4,237-27.2% |
| Admin fee / account holder | $749 | $502+49.3% | $14,673-94.9% | $593+26.3% |