Filed July 24, 2023 (most recent of 4 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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $960 |
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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,671 | $43,423-24.8% | $78,689-58.5% | $55,167-40.8% |
| Participation rate | 58.9% | 68.0%-9.1pp | 73.6%-14.6pp | 69.0%-10.1pp |
| Annual return | 4.97% | 11.53%-6.6pp | 62.18%-57.2pp | 169.23%-164.3pp |
| Employer contribution / active EE | $479 | $1,997-76.0% | $2,851-83.2% | $1,963-75.6% |
| Participant deferral / active EE | $1,707 | $2,509-32.0% | $3,517-51.5% | $3,054-44.1% |
| Admin fee / account holder | $9 | $416-97.7% | $4,510-99.8% | $504-98.1% |