Filed December 2, 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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $506,597 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $59,058 | $92,813-36.4% | $108,745-45.7% | $65,292-9.5% |
| Participation rate | 87.0% | 84.5%+2.5pp | 77.7%+9.4pp | 72.4%+14.6pp |
| Annual return | 9.03% | 14.67%-5.6pp | 46.22%-37.2pp | 11.84%-2.8pp |
| Employer contribution / active EE | $0 | $3,016-100.0% | $3,323-100.0% | $2,302-100.0% |
| Participant deferral / active EE | $4,261 | $5,191-17.9% | $5,121-16.8% | $3,579+19.1% |
| Admin fee / account holder | $58 | $56+3.9% | $6,144-99.0% | $57+1.8% |