Filed April 26, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,438 |
Filed as: MESIROW INSURANCE SERVICES INC Service code 49 · EIN 36-3429604 | Other Services | $4,998 |
Filed as: MESIROW FINANCIAL INC Service code 49 · EIN 36-3194849 | Other Services | $3,317 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $49,329 | $68,413-27.9% | $123,104-59.9% | $55,191-10.6% |
| Participation rate | 60.8% | 84.5%-23.8pp | 86.8%-26.0pp | 69.2%-8.4pp |
| Annual return | -0.37% | 6.30%-6.7pp | 13.22%-13.6pp | 10.78%-11.1pp |
| Employer contribution / active EE | $1,111 | $3,050-63.6% | $5,151-78.4% | $1,899-41.5% |
| Participant deferral / active EE | $2,682 | $4,490-40.3% | $6,230-57.0% | $3,046-12.0% |
| Admin fee / account holder | $30 | $88-65.5% | $9,015-99.7% | $91-66.7% |