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 COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $77,804 |
Service code 49 · EIN 65-0600166 | Other Services | $14,968 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $5,532 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,856 | $132,049-17.6% | $200,582-45.7% | $74,304+46.5% |
| Participation rate | 98.7% | 84.1%+14.7pp | 86.9%+11.8pp | 60.3%+38.4pp |
| Annual return | 11.81% | 22.22%-10.4pp | 42.33%-30.5pp | 29.43%-17.6pp |
| Employer contribution / active EE | $2,903 | $4,558-36.3% | $6,419-54.8% | $2,241+29.5% |
| Participant deferral / active EE | $6,370 | $7,213-11.7% | $9,331-31.7% | $3,767+69.1% |
| Admin fee / account holder | $393 | $2,405-83.7% | $16,305-97.6% | $2,969-86.8% |