Filed August 26, 2014
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 | $54,734 |
RUBINBROWN LLP3 years Service code 10 · EIN 43-0765316 | Accounting | $10,800 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $13,999 | $52,670-73.4% | $90,404-84.5% | $73,409-80.9% |
| Participation rate | 49.5% | 67.7%-18.2pp | 72.7%-23.2pp | 72.2%-22.7pp |
| Annual return | 2.88% | 20.70%-17.8pp | 1293.02%-1290.1pp | 59.29%-56.4pp |
| Employer contribution / active EE | $352 | $1,872-81.2% | $3,262-89.2% | $2,234-84.2% |
| Participant deferral / active EE | $845 | $2,807-69.9% | $3,963-78.7% | $3,805-77.8% |
| Admin fee / account holder | $136 | $117+16.3% | $5,611-97.6% | $158-14.0% |