Filed July 24, 2023
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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $38,995 |
Filed as: PRINCIPAL SECURITIES INC Service code 27 · EIN 42-0941553 | Advisory (Plan) | $30,830 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $220,831 | $64,707+241.3% | $112,228+96.8% | $68,494+222.4% |
| Participation rate | 100.0% | 67.2%+32.8pp | 75.1%+24.9pp | 67.9%+32.1pp |
| Annual return | 0.87% | -11.40%+12.3pp | 27.45%-26.6pp | -7.84%+8.7pp |
| Employer contribution / active EE | $4,617 | $2,746+68.1% | $3,635+27.0% | $2,596+77.8% |
| Participant deferral / active EE | $3,544 | $3,565-0.6% | $4,728-25.0% | $4,027-12.0% |
| Admin fee / account holder | $307 | $5,232-94.1% | $6,410-95.2% | $5,403-94.3% |