Filed October 18, 2023 (most recent of 2 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 COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,083 |
Service code 49 · EIN 65-0600166 | Other Services | $16,289 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,770 | $102,553+0.2% | $151,611-32.2% | $66,914+53.6% |
| Participation rate | 98.5% | 85.5%+13.0pp | 87.5%+11.0pp | 69.8%+28.7pp |
| Annual return | -13.87% | -10.82%-3.0pp | 3.33%-17.2pp | 1.58%-15.5pp |
| Employer contribution / active EE | $5,064 | $4,180+21.1% | $6,166-17.9% | $2,544+99.0% |
| Participant deferral / active EE | $5,732 | $6,641-13.7% | $8,363-31.5% | $4,237+35.3% |
| Admin fee / account holder | $394 | $630-37.5% | $11,616-96.6% | $593-33.7% |