Filed March 24, 2021
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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 | $62,725 |
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 20-8764829 | Advisory (Plan) | $29,835 |
MCKONLY & ASBURY LLP1 year Filed as: MCKONLY AND ASBURY LLP Service code 10 · EIN 23-1909723 | Accounting | $15,742 |
MILBERG CONSULTING LLC5 years Service code 13 · EIN 23-3062020 | Contract Administrator | $10,200 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,525 | $101,499-36.4% | $147,005-56.1% | $74,546-13.4% |
| Participation rate | 80.1% | 75.5%+4.6pp | 82.2%-2.0pp | 67.2%+12.9pp |
| Annual return | 14.24% | 8732.34%-8718.1pp | 418.76%-404.5pp | 1366.03%-1351.8pp |
| Employer contribution / active EE | $2,674 | $3,811-29.8% | $4,934-45.8% | $2,624+1.9% |
| Participant deferral / active EE | $6,021 | $7,304-17.6% | $8,070-25.4% | $4,347+38.5% |
| Admin fee / account holder | $760 | $1,748-56.5% | $13,006-94.2% | $1,944-60.9% |