Filed August 17, 2017
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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $228,543 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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).
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 | $87,319 | $127,481-31.5% | $149,696-41.7% | $90,288-3.3% |
| Participation rate | 90.7% | 78.2%+12.5pp | 82.5%+8.2pp | 73.4%+17.4pp |
| Annual return | 14.58% | 57.78%-43.2pp | 276.60%-262.0pp | 53.97%-39.4pp |
| Employer contribution / active EE | -$1 | $3,448-100.0% | $4,644-100.0% | $2,524-100.0% |
| Participant deferral / active EE | $8,789 | $6,975+26.0% | $6,842+28.5% | $4,232+107.7% |
| Admin fee / account holder | $110 | $152-27.4% | $9,309-98.8% | $114-3.5% |