Filed May 24, 2016
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 | $16,431 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $15,558 |
WILSHIRE ASSOCIATES INCORPORATED4+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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.
Annual investment return 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 | $23,614 | $56,443-58.2% | $83,848-71.8% | $55,725-57.6% |
| Participation rate | 23.1% | 72.0%-48.9pp | 76.1%-53.0pp | 70.9%-47.7pp |
| Annual return | -8.68% | 393.67%-402.4pp | 850.88%-859.6pp | 244.93%-253.6pp |
| Employer contribution / active EE | $642 | $2,682-76.1% | $3,631-82.3% | $2,078-69.1% |
| Participant deferral / active EE | $1,216 | $2,965-59.0% | $4,082-70.2% | $3,356-63.8% |
| Admin fee / account holder | $94 | $156-39.9% | $5,478-98.3% | $115-18.5% |