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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,412,679 |
Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666 | Direct payment from the plan; Securit... | $39,101 |
WILSHIRE ASSOCIATES INCORPORATED5+ 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 | $43,267 | $48,464-10.7% | $90,951-52.4% | $106,222-59.3% |
| Participation rate | 59.7% | 53.1%+6.6pp | 69.0%-9.3pp | 70.8%-11.1pp |
| Annual return | 9.28% | 16.72%-7.4pp | 134.60%-125.3pp | 21.69%-12.4pp |
| Employer contribution / active EE | $451 | $939-52.0% | $2,122-78.7% | $2,723-83.4% |
| Participant deferral / active EE | $1,400 | $1,510-7.3% | $3,373-58.5% | $4,600-69.6% |
| Admin fee / account holder | $65 | $58+12.7% | $5,959-98.9% | $78-16.7% |