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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $70,775 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $35,752 |
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 | $38,261 | $106,236-64.0% | $112,228-65.9% | $64,808-41.0% |
| Participation rate | 33.8% | 71.7%-37.9pp | 75.1%-41.3pp | 71.5%-37.7pp |
| Annual return | -17.39% | -6.02%-11.4pp | 27.45%-44.8pp | 32.82%-50.2pp |
| Employer contribution / active EE | $1,034 | $3,166-67.3% | $3,635-71.6% | $2,506-58.7% |
| Participant deferral / active EE | $2,024 | $3,785-46.5% | $4,728-57.2% | $4,310-53.0% |
| Admin fee / account holder | $433 | $452-4.1% | $6,410-93.2% | $188+130.6% |