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 | $46,464+96.7% | $150,298-39.2% | $79,634+14.8% |
| Participation rate | 92.5% | 57.0%+35.5pp | 77.8%+14.7pp | 62.5%+30.0pp |
| Annual return | 17.18% | 27.89%-10.7pp | 62.79%-45.6pp | 36.46%-19.3pp |
| Employer contribution / active EE | $1,297 | $1,512-14.2% | $4,154-68.8% | $2,529-48.7% |
| Participant deferral / active EE | $5,527 | $2,157+156.2% | $5,453+1.4% | $3,835+44.1% |
| Admin fee / account holder | $442 | $891-50.4% | $14,116-96.9% | $1,002-55.9% |