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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $176,375 |
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $38,715 |
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 49 · EIN 34-1542819 | Other Services | $11,865 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,209 | $95,918-76.8% | $151,611-85.4% | $77,904-71.5% |
| Participation rate | 64.0% | 88.7%-24.7pp | 87.5%-23.5pp | 73.7%-9.6pp |
| Annual return | -15.66% | -5.50%-10.2pp | 3.33%-19.0pp | 12.21%-27.9pp |
| Employer contribution / active EE | $474 | $4,330-89.1% | $6,166-92.3% | $2,848-83.4% |
| Participant deferral / active EE | $5,131 | $7,508-31.7% | $8,363-38.6% | $4,806+6.8% |
| Admin fee / account holder | $187 | $93+100.3% | $11,616-98.4% | $133+41.0% |