Filed April 3, 2023
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,800 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $28,982 | $65,061-55.5% | $143,757-79.8% | $66,914-56.7% |
| Participation rate | 56.7% | 65.2%-8.5pp | 80.3%-23.6pp | 69.8%-13.1pp |
| Annual return | -15.89% | -11.14%-4.8pp | -0.04%-15.9pp | 1.58%-17.5pp |
| Employer contribution / active EE | $776 | $2,361-67.1% | $4,951-84.3% | $2,544-69.5% |
| Participant deferral / active EE | $1,231 | $2,919-57.8% | $5,637-78.2% | $4,237-70.9% |
| Admin fee / account holder | $40 | $502-92.0% | $14,673-99.7% | $593-93.3% |