Filed July 25, 2006
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 | $13,492 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $31,339 | $51,769-39.5% | $57,343-45.3% | $52,331-40.1% |
| Participation rate | 57.1% | 75.2%-18.2pp | 75.1%-18.0pp | 68.1%-11.1pp |
| Annual return | -0.52% | 2.43%-2.9pp | 24.39%-24.9pp | 4.54%-5.1pp |
| Employer contribution / active EE | $493 | $2,335-78.9% | $2,689-81.6% | $1,882-73.8% |
| Participant deferral / active EE | $1,158 | $2,794-58.5% | $3,162-63.4% | $3,022-61.7% |
| Admin fee / account holder | $138 | $295-53.3% | $3,356-95.9% | $592-76.7% |