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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $30,839 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $52,001 | $66,310-21.6% | $93,606-44.4% | $65,185-20.2% |
| Participation rate | 33.0% | 74.0%-41.0pp | 75.8%-42.8pp | 70.2%-37.2pp |
| Annual return | 3.78% | 42.58%-38.8pp | 32.76%-29.0pp | 29.38%-25.6pp |
| Employer contribution / active EE | $596 | $2,012-70.4% | $2,718-78.1% | $2,177-72.6% |
| Participant deferral / active EE | $1,146 | $3,342-65.7% | $4,069-71.8% | $3,514-67.4% |
| Admin fee / account holder | $372 | $6,897-94.6% | $7,888-95.3% | $847-56.1% |