Filed December 21, 2015 (most recent of 2 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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $56,297 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $120,607 | $44,873+168.8% | $79,464+51.8% | $56,287+114.3% |
| Participation rate | 85.1% | 68.7%+16.3pp | 73.3%+11.7pp | 69.9%+15.2pp |
| Annual return | -5.45% | 0.81%-6.3pp | 718.14%-723.6pp | -9.96%+4.5pp |
| Employer contribution / active EE | $3,878 | $2,140+81.2% | $2,800+38.5% | $2,111+83.7% |
| Participant deferral / active EE | $8,868 | $2,746+223.0% | $3,704+139.4% | $3,350+164.7% |
| Admin fee / account holder | $356 | $418-14.9% | $5,113-93.0% | $521-31.6% |