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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $189,078 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,594 | $61,756-18.1% | $70,092-27.8% | $77,904-35.1% |
| Participation rate | 95.9% | 79.9%+16.0pp | 70.5%+25.4pp | 73.7%+22.2pp |
| Annual return | -14.33% | -11.86%-2.5pp | 190.73%-205.1pp | 12.21%-26.5pp |
| Employer contribution / active EE | $713 | $2,706-73.7% | $2,559-72.2% | $2,848-75.0% |
| Participant deferral / active EE | $3,518 | $3,977-11.6% | $3,849-8.6% | $4,806-26.8% |
| Admin fee / account holder | $95 | $101-6.0% | $6,267-98.5% | $133-28.1% |