Filed May 24, 2016
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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,800 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $29,047 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,126 | $78,275-43.6% | $109,143-59.6% | $86,799-49.2% |
| Participation rate | 35.9% | 73.8%-37.9pp | 75.9%-40.0pp | 72.3%-36.4pp |
| Annual return | 16.02% | 19.14%-3.1pp | 25.75%-9.7pp | 97.91%-81.9pp |
| Employer contribution / active EE | $1,025 | $3,105-67.0% | $3,722-72.5% | $2,405-57.4% |
| Participant deferral / active EE | $2,025 | $3,641-44.4% | $4,653-56.5% | $4,131-51.0% |
| Admin fee / account holder | $416 | $198+109.8% | $6,752-93.8% | $170+145.6% |