Filed November 18, 2016
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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $55,686 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $53,997 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $48,582 | $82,202-40.9% | $125,339-61.2% | $64,808-25.0% |
| Participation rate | 84.2% | 77.9%+6.3pp | 82.4%+1.8pp | 71.5%+12.7pp |
| Annual return | -11.54% | 3.48%-15.0pp | 572.05%-583.6pp | 32.82%-44.4pp |
| Employer contribution / active EE | $960 | $3,615-73.5% | $4,814-80.1% | $2,506-61.7% |
| Participant deferral / active EE | $3,933 | $7,175-45.2% | $7,446-47.2% | $4,310-8.8% |
| Admin fee / account holder | $243 | $163+49.0% | $10,010-97.6% | $188+29.5% |