Filed January 28, 2020
Total covered: 30 employees
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 | $147,519 |
WELLS FARGO BANK, N.A.6 years Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 · EIN 48-1305000 | Advisory (Plan) | $107,423 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $91,391 | $50,982+79.3% | $154,803-41.0% | $85,563+6.8% |
| Participation rate | 92.5% | 59.8%+32.7pp | 78.1%+14.4pp | 66.0%+26.5pp |
| Annual return | 17.18% | 30.35%-13.2pp | 58.88%-41.7pp | 31.51%-14.3pp |
| Employer contribution / active EE | $1,297 | $1,708-24.1% | $4,305-69.9% | $2,654-51.1% |
| Participant deferral / active EE | $5,527 | $2,474+123.4% | $5,540-0.3% | $4,375+26.3% |
| Admin fee / account holder | $442 | $846-47.8% | $14,329-96.9% | $834-47.1% |