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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,418,998 |
Filed as: SOWELL FINANCIAL INC Service code 27 · EIN 02-0691794 | Advisory (Plan) | $5,349 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,407 | $77,577-29.9% | $101,794-46.6% | $140,769-61.4% |
| Participation rate | 66.9% | 56.8%+10.1pp | 69.2%-2.3pp | 74.2%-7.2pp |
| Annual return | 10.18% | 14.47%-4.3pp | 30.53%-20.3pp | 16.82%-6.6pp |
| Employer contribution / active EE | $684 | $1,318-48.1% | $2,289-70.1% | $3,906-82.5% |
| Participant deferral / active EE | $2,002 | $2,205-9.2% | $4,084-51.0% | $6,717-70.2% |
| Admin fee / account holder | $60 | $84-28.7% | $8,777-99.3% | $229-73.8% |