Filed December 9, 2022
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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $156,578 |
Service code 27 · EIN 47-1880154 | Advisory (Plan) | $36,000 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,823 | $47,126+5.7% | $149,673-66.7% | $74,419-33.1% |
| Participation rate | 96.5% | 63.4%+33.1pp | 78.8%+17.7pp | 70.7%+25.8pp |
| Annual return | 17.25% | 22.75%-5.5pp | 134.42%-117.2pp | 34.38%-17.1pp |
| Employer contribution / active EE | $2,021 | $1,905+6.1% | $4,818-58.0% | $2,637-23.4% |
| Participant deferral / active EE | $3,985 | $2,728+46.1% | $5,680-29.8% | $4,528-12.0% |
| Admin fee / account holder | $149 | $343-56.5% | $13,210-98.9% | $348-57.1% |