Filed March 6, 2024
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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,377,775 |
NATIONAL FINANCIAL SERVICES2 years Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 33 · EIN 04-3532603 | Account maintenance fees; Direct paym... | $16,409 |
WILSHIRE ASSOCIATES INCORPORATED4+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $41,184 | $100,179-58.9% | $84,015-51.0% | $89,569-54.0% |
| Participation rate | 62.4% | 54.1%+8.2pp | 69.0%-6.7pp | 69.6%-7.2pp |
| Annual return | 4.91% | 22.50%-17.6pp | 71.31%-66.4pp | 34.56%-29.6pp |
| Employer contribution / active EE | $446 | $816-45.3% | $1,983-77.5% | $2,584-82.7% |
| Participant deferral / active EE | $1,349 | $1,459-7.5% | $3,239-58.3% | $4,220-68.0% |
| Admin fee / account holder | $65 | $72-9.7% | $6,101-98.9% | $72-9.1% |