Filed October 19, 2021
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 5-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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $186,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,724 | $41,510-45.3% | $85,009-73.3% | $99,061-77.1% |
| Participation rate | 17.5% | 35.3%-17.8pp | 67.5%-50.0pp | 71.6%-54.1pp |
| Annual return | 15.07% | 17.38%-2.3pp | 66.47%-51.4pp | 17.66%-2.6pp |
| Employer contribution / active EE | $172 | $1,137-84.9% | $2,728-93.7% | $3,261-94.7% |
| Participant deferral / active EE | $761 | $2,246-66.1% | $4,522-83.2% | $5,331-85.7% |
| Admin fee / account holder | $96 | $175-45.1% | $6,153-98.4% | $109-11.8% |