Filed December 9, 2022 (most recent of 6 filings on file)
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 | $149,215 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $52,243 | $123,286-57.6% | $75,670-31.0% | $77,958-33.0% |
| Participation rate | 90.8% | 78.8%+12.1pp | 72.3%+18.5pp | 71.6%+19.2pp |
| Annual return | 35.89% | 20.45%+15.4pp | 27.34%+8.5pp | 20.87%+15.0pp |
| Employer contribution / active EE | $484 | $2,035-76.2% | $2,352-79.4% | $2,310-79.1% |
| Participant deferral / active EE | $2,502 | $3,095-19.2% | $3,142-20.4% | $3,537-29.3% |
| Admin fee / account holder | $77 | $144-46.8% | $5,800-98.7% | $97-21.3% |