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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,499 |
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 | $47,271 | $70,908-33.3% | $98,907-52.2% | $73,488-35.7% |
| Participation rate | 38.0% | 73.8%-35.8pp | 76.0%-38.1pp | 70.7%-32.7pp |
| Annual return | 5.00% | 34.17%-29.2pp | 196.43%-191.4pp | 28.51%-23.5pp |
| Employer contribution / active EE | $618 | $2,036-69.7% | $2,689-77.0% | $2,270-72.8% |
| Participant deferral / active EE | $1,199 | $3,500-65.7% | $4,244-71.7% | $3,740-67.9% |
| Admin fee / account holder | $361 | $535-32.5% | $6,642-94.6% | $513-29.6% |