Filed April 27, 2022
Total covered: 2 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 | $187,632 |
Service code 16 · EIN 36-4291971 | Consulting | $26,000 |
EIDE BAILLY LLP1 year Filed as: EIDE BAILLY Service code 10 · EIN 45-0250958 | Accounting | $22,514 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $119,221 | $89,588+33.1% | $136,007-12.3% | $77,643+53.6% |
| Participation rate | 98.0% | 74.3%+23.7pp | 76.5%+21.5pp | 70.6%+27.4pp |
| Annual return | 13.73% | 17.42%-3.7pp | 579.32%-565.6pp | 31.24%-17.5pp |
| Employer contribution / active EE | $4,170 | $3,491+19.4% | $4,217-1.1% | $2,726+53.0% |
| Participant deferral / active EE | $6,208 | $5,591+11.0% | $7,025-11.6% | $4,647+33.6% |
| Admin fee / account holder | $221 | $539-59.0% | $6,858-96.8% | $430-48.7% |