Filed August 3, 2022 (most recent of 5 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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $190,606 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $75,793 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $206,768 | $91,762+125.3% | $67,502+206.3% | $77,643+166.3% |
| Participation rate | 86.5% | 75.9%+10.6pp | 72.9%+13.6pp | 70.6%+15.9pp |
| Annual return | 15.37% | 14.87%+0.5pp | 3512.12%-3496.8pp | 31.24%-15.9pp |
| Employer contribution / active EE | $5,633 | $3,181+77.1% | $2,731+106.3% | $2,726+106.6% |
| Participant deferral / active EE | $7,128 | $3,903+82.6% | $4,000+78.2% | $4,647+53.4% |
| Admin fee / account holder | $611 | $176+247.1% | $3,998-84.7% | $430+41.9% |