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 9-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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,426 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 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 | $72,718 | $91,517-20.5% | $101,248-28.2% | $73,409-0.9% |
| Participation rate | 25.2% | 73.8%-48.5pp | 75.8%-50.6pp | 72.2%-46.9pp |
| Annual return | 11.93% | 17.17%-5.2pp | 46.47%-34.5pp | 59.29%-47.4pp |
| Employer contribution / active EE | $84 | $2,877-97.1% | $3,660-97.7% | $2,234-96.2% |
| Participant deferral / active EE | $1,830 | $3,338-45.2% | $4,370-58.1% | $3,805-51.9% |
| Admin fee / account holder | $334 | $216+54.9% | $5,945-94.4% | $158+111.8% |