Filed May 12, 2020 (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 9-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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,053 |
Filed as: KESTRA ADVISORY SERICES Service code 27 | Advisory (Plan) | $12,233 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $0 |
Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,991 | $69,763-8.3% | $67,502-5.2% | $74,495-14.1% |
| Participation rate | 45.9% | 71.4%-25.5pp | 72.9%-27.0pp | 67.2%-21.3pp |
| Annual return | 14.93% | -40.34%+55.3pp | 3512.12%-3497.2pp | 1364.94%-1350.0pp |
| Employer contribution / active EE | $980 | $2,704-63.8% | $2,731-64.1% | $2,623-62.6% |
| Participant deferral / active EE | $2,919 | $3,636-19.7% | $4,000-27.0% | $4,346-32.8% |
| Admin fee / account holder | $420 | $896-53.1% | $3,998-89.5% | $1,942-78.4% |