Filed November 18, 2019
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 |
|---|---|---|
Service code 27 · EIN 75-2870811 | Advisory (Plan) | $37,366 |
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,326 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $38,790 | $47,126-17.7% | $149,673-74.1% | $74,419-47.9% |
| Participation rate | 66.5% | 63.4%+3.1pp | 78.8%-12.3pp | 70.7%-4.3pp |
| Annual return | 12.71% | 22.75%-10.0pp | 134.42%-121.7pp | 34.38%-21.7pp |
| Employer contribution / active EE | $978 | $1,905-48.7% | $4,818-79.7% | $2,637-62.9% |
| Participant deferral / active EE | $2,593 | $2,728-5.0% | $5,680-54.4% | $4,528-42.7% |
| Admin fee / account holder | $52 | $343-84.8% | $13,210-99.6% | $348-85.0% |