Filed November 22, 2017
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $67,711 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $35,361 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $80,388 | $80,753-0.5% | $136,294-41.0% | $62,292+29.0% |
| Participation rate | 69.0% | 73.5%-4.5pp | 81.9%-12.9pp | 69.5%-0.5pp |
| Annual return | 13.95% | 35.83%-21.9pp | 5155.94%-5142.0pp | 28.90%-15.0pp |
| Employer contribution / active EE | $2,590 | $2,884-10.2% | $4,695-44.8% | $2,042+26.8% |
| Participant deferral / active EE | $8,983 | $5,164+74.0% | $6,247+43.8% | $3,169+183.5% |
| Admin fee / account holder | $305 | $525-41.9% | $9,243-96.7% | $479-36.3% |