Filed August 22, 2016 (most recent of 9 filings on file)
See peer percentile detail. $4.99 for your first month.
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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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $853,460 |
CREATIVE PLANNING LLC4 years Filed as: CREATIVE PLANNING, LLC Service code 17 · EIN 84-4519624 | Pension Consulting | $810,069 |
CADARET GRANT & CO INC4 years Service code 17 · EIN 22-2361254 | Pension Consulting | $30,261 |
Filed as: SPARTAN WEALTH MANAGEMENT Service code 17 · EIN 99-3034979 | Pension Consulting | $17,376 |
CREATIVE PLANNING LLC3 years Filed as: CREATIVE PLANNING Service code 26 | Advisory (Participants) | $0 |
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $130,571 | $182,927-28.6% | $200,582-34.9% | $117,739+10.9% |
| Participation rate | 50.6% | 92.5%-41.9pp | 86.9%-36.3pp | 76.6%-26.1pp |
| Annual return | -22.82% | 15.76%-38.6pp | 42.33%-65.2pp | 17.29%-40.1pp |
| Employer contribution / active EE | $3,132 | $5,985-47.7% | $6,419-51.2% | $3,746-16.4% |
| Participant deferral / active EE | $6,277 | $9,711-35.4% | $9,331-32.7% | $6,128+2.4% |
| Admin fee / account holder | $306 | $95+221.9% | $16,305-98.1% | $112+173.2% |