Filed May 1, 2019
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $14,461 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,328 | $46,966-24.8% | $185,117-80.9% | $69,631-49.3% |
| Participation rate | 51.5% | 65.3%-13.7pp | 77.3%-25.8pp | 70.7%-19.2pp |
| Annual return | 17.42% | 22.36%-4.9pp | 40.50%-23.1pp | 27571.02%-27553.6pp |
| Employer contribution / active EE | $455 | $1,360-66.5% | $4,182-89.1% | $2,032-77.6% |
| Participant deferral / active EE | $2,004 | $3,017-33.6% | $5,045-60.3% | $3,224-37.8% |
| Admin fee / account holder | $90 | $94-4.3% | $8,159-98.9% | $110-18.7% |