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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $197,610 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $83,658 |
MORNINGSTAR3 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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $220,754 | $96,018+129.9% | $65,493+237.1% | $85,563+158.0% |
| Participation rate | 87.1% | 74.8%+12.2pp | 73.1%+14.0pp | 66.0%+21.1pp |
| Annual return | 11.49% | 14.51%-3.0pp | 982.45%-971.0pp | 31.51%-20.0pp |
| Employer contribution / active EE | $5,883 | $3,235+81.9% | $2,574+128.5% | $2,654+121.7% |
| Participant deferral / active EE | $7,597 | $4,055+87.4% | $3,961+91.8% | $4,375+73.6% |
| Admin fee / account holder | $633 | $271+134.1% | $5,028-87.4% | $834-24.1% |