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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $99,451 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $46,154 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,446 | $111,491-20.7% | $189,513-53.3% | $86,799+1.9% |
| Participation rate | 98.7% | 87.3%+11.4pp | 87.8%+10.9pp | 72.3%+26.5pp |
| Annual return | 22.81% | 83.50%-60.7pp | 555.15%-532.3pp | 97.91%-75.1pp |
| Employer contribution / active EE | $2,426 | $3,951-38.6% | $6,162-60.6% | $2,405+0.8% |
| Participant deferral / active EE | $5,320 | $6,437-17.3% | $8,221-35.3% | $4,131+28.8% |
| Admin fee / account holder | $310 | $189+64.2% | $12,045-97.4% | $170+82.7% |