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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $77,940 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $38,938 |
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 | $52,310 | $92,971-43.7% | $96,683-45.9% | $74,419-29.7% |
| Participation rate | 32.6% | 71.5%-38.9pp | 74.3%-41.7pp | 70.7%-38.1pp |
| Annual return | 17.40% | 37.49%-20.1pp | 35.69%-18.3pp | 34.38%-17.0pp |
| Employer contribution / active EE | $1,207 | $3,426-64.8% | $3,737-67.7% | $2,637-54.2% |
| Participant deferral / active EE | $2,344 | $3,970-41.0% | $4,878-52.0% | $4,528-48.2% |
| Admin fee / account holder | $502 | $633-20.7% | $6,730-92.5% | $348+44.2% |