Filed March 26, 2019
Total covered: 45 employees
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $21,501 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $43,189 | $64,909-33.5% | $82,313-47.5% | $62,292-30.7% |
| Participation rate | 70.3% | 74.9%-4.6pp | 76.9%-6.6pp | 69.5%+0.8pp |
| Annual return | 12.83% | 21.18%-8.3pp | 25.88%-13.0pp | 28.90%-16.1pp |
| Employer contribution / active EE | $995 | $1,676-40.7% | $2,428-59.0% | $2,042-51.3% |
| Participant deferral / active EE | $2,775 | $3,103-10.6% | $3,706-25.1% | $3,169-12.4% |
| Admin fee / account holder | $129 | $440-70.7% | $5,608-97.7% | $479-73.1% |