Filed August 26, 2019 (most recent of 3 filings on file)
Total covered: 6 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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $129,465 |
Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085 | Pension Consulting | $46,185 |
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 | $69,417 | $111,608-37.8% | $177,821-61.0% | $73,409-5.4% |
| Participation rate | 98.5% | 87.9%+10.7pp | 87.7%+10.8pp | 72.2%+26.3pp |
| Annual return | 4.03% | 18.23%-14.2pp | 48.32%-44.3pp | 59.29%-55.3pp |
| Employer contribution / active EE | $2,375 | $3,796-37.4% | $5,918-59.9% | $2,234+6.3% |
| Participant deferral / active EE | $5,074 | $6,199-18.1% | $7,714-34.2% | $3,805+33.3% |
| Admin fee / account holder | $368 | $166+122.3% | $12,427-97.0% | $158+133.2% |