Filed November 21, 2018
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 | $36,826 |
Filed as: INTEGRATED WEALTH CONCEPTS, LLC Service code 27 · EIN 81-3433658 | Advisory (Plan) | $17,055 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $36,866 | $82,202-55.2% | $125,339-70.6% | $64,808-43.1% |
| Participation rate | 30.4% | 77.9%-47.5pp | 82.4%-52.0pp | 71.5%-41.1pp |
| Annual return | -19.71% | 3.48%-23.2pp | 572.05%-591.8pp | 32.82%-52.5pp |
| Employer contribution / active EE | $0 | $3,615-100.0% | $4,814-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $1,021 | $7,175-85.8% | $7,446-86.3% | $4,310-76.3% |
| Admin fee / account holder | $326 | $163+99.6% | $10,010-96.7% | $188+73.5% |