Filed May 5, 2022 (most recent of 3 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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,816 |
AMERICAN FUNDS3 years Filed as: THE CAPITAL GROUP LLC Service code 27 · EIN 52-2217130 | Advisory (Plan) | $24,340 |
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.
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 | $36,299 | $67,512-46.2% | $185,823-80.5% | $93,030-61.0% |
| Participation rate | 21.1% | 67.1%-46.0pp | 81.7%-60.6pp | 73.9%-52.8pp |
| Annual return | 13.59% | 21.04%-7.5pp | 122.05%-108.5pp | 158.70%-145.1pp |
| Employer contribution / active EE | $0 | $1,783-100.0% | $5,167-100.0% | $2,706-100.0% |
| Participant deferral / active EE | $482 | $3,035-84.1% | $5,568-91.3% | $4,562-89.4% |
| Admin fee / account holder | $274 | $318-13.7% | $16,237-98.3% | $152+80.8% |