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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,385,809 |
Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666 | Direct payment from the plan; Securit... | $63,217 |
WILSHIRE ASSOCIATES INCORPORATED6+ 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $48,976 | $55,785-12.2% | $96,562-49.3% | $106,520-54.0% |
| Participation rate | 58.1% | 53.4%+4.7pp | 69.8%-11.7pp | 71.3%-13.2pp |
| Annual return | 22.09% | 17.66%+4.4pp | 37.78%-15.7pp | 19.28%+2.8pp |
| Employer contribution / active EE | $497 | $1,042-52.3% | $2,356-78.9% | $2,840-82.5% |
| Participant deferral / active EE | $1,439 | $1,782-19.3% | $3,849-62.6% | $4,948-70.9% |
| Admin fee / account holder | $62 | $59+5.1% | $6,181-99.0% | $75-17.2% |