Filed January 2, 2020
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $150,355 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,333 | $76,173-65.4% | $81,382-67.6% | $199,593-86.8% |
| Participation rate | 98.0% | 76.3%+21.8pp | 69.5%+28.6pp | 72.0%+26.1pp |
| Annual return | 13.93% | 15.59%-1.7pp | 24.73%-10.8pp | 34.25%-20.3pp |
| Employer contribution / active EE | $1,609 | $2,792-42.4% | $2,463-34.7% | $3,034-47.0% |
| Participant deferral / active EE | $3,163 | $4,201-24.7% | $3,883-18.5% | $5,087-37.8% |
| Admin fee / account holder | $92 | $146-36.9% | $5,768-98.4% | $269-65.7% |