Filed September 13, 2022 (most recent of 2 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 | $24,551 |
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $18,250 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $21,102 | $46,173-54.3% | $170,442-87.6% | $69,631-69.7% |
| Participation rate | 73.9% | 63.9%+10.0pp | 83.6%-9.7pp | 70.7%+3.3pp |
| Annual return | 14.88% | 21.62%-6.7pp | 205.93%-191.0pp | 27571.02%-27556.1pp |
| Employer contribution / active EE | $755 | $1,610-53.1% | $5,433-86.1% | $2,032-62.8% |
| Participant deferral / active EE | $2,219 | $2,080+6.7% | $4,939-55.1% | $3,224-31.2% |
| Admin fee / account holder | $97 | $116-16.0% | $13,880-99.3% | $110-11.8% |