Filed June 18, 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 3-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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $38,763 |
MORNINGSTAR3+ years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 | $173,798 | $119,446+45.5% | $150,045+15.8% | $85,563+103.1% |
| Participation rate | 98.2% | 75.4%+22.8pp | 82.3%+15.9pp | 66.0%+32.3pp |
| Annual return | 20.03% | 23.72%-3.7pp | 62.55%-42.5pp | 31.51%-11.5pp |
| Employer contribution / active EE | $2,872 | $4,078-29.6% | $4,693-38.8% | $2,654+8.2% |
| Participant deferral / active EE | $8,959 | $7,985+12.2% | $7,997+12.0% | $4,375+104.8% |
| Admin fee / account holder | $117 | $548-78.7% | $13,435-99.1% | $834-86.0% |