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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $98,883 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $32,895 |
Service code 17 · EIN 99-3201953 | Pension Consulting | $18,451 |
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 | $61,026 | $82,917-26.4% | $103,333-40.9% | $77,643-21.4% |
| Participation rate | 36.5% | 71.6%-35.0pp | 74.5%-38.0pp | 70.6%-34.0pp |
| Annual return | 12.76% | 19.13%-6.4pp | 24.88%-12.1pp | 31.24%-18.5pp |
| Employer contribution / active EE | $1,346 | $3,552-62.1% | $3,868-65.2% | $2,726-50.6% |
| Participant deferral / active EE | $2,643 | $4,108-35.7% | $5,057-47.7% | $4,647-43.1% |
| Admin fee / account holder | $623 | $638-2.3% | $8,355-92.5% | $430+44.8% |