Filed March 28, 2023 (most recent of 3 filings on file)
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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $128,515 |
PRIME BENEFITS, INC.3 years Service code 13 · EIN 52-2204662 | Contract Administrator | $28,990 |
Filed as: RESOURCES INVESTMEMT ADVISORS Service code 27 | Advisory (Plan) | $20,000 |
COHN REZNICK LLP1 year Filed as: COHN REZNICK Service code 49 · EIN 22-1478099 | Other Services | $13,460 |
Filed as: EMPOWER ANNUITY INSURANCE CO. Service code 64 | Recordkeeping Fees | $619 |
Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $150,397 | $91,762+63.9% | $67,502+122.8% | $77,643+93.7% |
| Participation rate | 51.9% | 75.9%-24.0pp | 72.9%-21.0pp | 70.6%-18.7pp |
| Annual return | 13.75% | 14.87%-1.1pp | 3512.12%-3498.4pp | 31.24%-17.5pp |
| Employer contribution / active EE | $2,399 | $3,181-24.6% | $2,731-12.1% | $2,726-12.0% |
| Participant deferral / active EE | $3,934 | $3,903+0.8% | $4,000-1.7% | $4,647-15.4% |
| Admin fee / account holder | $340 | $176+93.4% | $3,998-91.5% | $430-20.9% |