Filed January 13, 2022 (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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $54,250 |
Service code 27 · EIN 13-5674085 | Advisory (Plan) | $19,985 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $167,464 | $60,323+177.6% | $81,812+104.7% | $74,495+124.8% |
| Participation rate | 95.3% | 62.9%+32.4pp | 72.3%+23.0pp | 67.2%+28.1pp |
| Annual return | 11.70% | 16.90%-5.2pp | 773.79%-762.1pp | 1364.94%-1353.2pp |
| Employer contribution / active EE | $3,009 | $2,620+14.8% | $2,912+3.3% | $2,623+14.7% |
| Participant deferral / active EE | $10,622 | $3,387+213.6% | $4,319+146.0% | $4,346+144.4% |
| Admin fee / account holder | $341 | $1,486-77.1% | $7,386-95.4% | $1,942-82.5% |