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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $184,548 |
MORNINGSTAR2 years 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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,849 | $73,034-15.3% | $77,163-19.8% | $80,160-22.8% |
| Participation rate | 95.4% | 78.1%+17.3pp | 69.6%+25.8pp | 72.9%+22.4pp |
| Annual return | 15.33% | 18.56%-3.2pp | 37.87%-22.5pp | 40.38%-25.1pp |
| Employer contribution / active EE | $755 | $2,779-72.8% | $2,535-70.2% | $2,978-74.6% |
| Participant deferral / active EE | $3,779 | $4,140-8.7% | $3,833-1.4% | $5,017-24.7% |
| Admin fee / account holder | $101 | $104-2.9% | $5,472-98.2% | $145-30.5% |