Filed April 3, 2023
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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,182 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $17,095 | $37,117-53.9% | $147,614-88.4% | $55,191-69.0% |
| Participation rate | 54.5% | 63.6%-9.2pp | 84.6%-30.2pp | 69.2%-14.7pp |
| Annual return | 0.44% | 3.44%-3.0pp | 61.98%-61.5pp | 10.78%-10.3pp |
| Employer contribution / active EE | $364 | $1,620-77.5% | $5,564-93.5% | $1,899-80.8% |
| Participant deferral / active EE | $464 | $1,985-76.6% | $4,895-90.5% | $3,046-84.8% |
| Admin fee / account holder | $35 | $86-58.9% | $11,611-99.7% | $91-61.3% |