Filed July 19, 2006
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,772 |
NFP RETIREMENT INC1+ years Filed as: NFP INSURANCE SERVICES INC Service code 49 · EIN 74-2470431 | Other Services | $3,191 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,190 | $46,745-48.3% | $60,547-60.0% | $52,331-53.8% |
| Participation rate | 56.5% | 58.6%-2.0pp | 68.0%-11.4pp | 68.1%-11.6pp |
| Annual return | -4.41% | 0.61%-5.0pp | 335.64%-340.1pp | 4.54%-9.0pp |
| Employer contribution / active EE | $289 | $1,259-77.1% | $2,419-88.1% | $1,882-84.7% |
| Participant deferral / active EE | $1,643 | $2,145-23.4% | $3,328-50.6% | $3,022-45.6% |
| Admin fee / account holder | $155 | $537-71.1% | $4,536-96.6% | $592-73.7% |