Filed May 27, 2021
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 | $41,872 |
S B H U LIFE AGENCY INC2 years Service code 49 · EIN 13-2896238 | Other Services | $33,227 |
Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 · EIN 51-0116113 | Other Services | $14,015 |
WILSHIRE ASSOCIATES INCORPORATED6+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $25,605 | $93,223-72.5% | $104,607-75.5% | $93,223-72.5% |
| Participation rate | 18.0% | 74.9%-56.9pp | 74.1%-56.1pp | 74.9%-56.9pp |
| Annual return | 25.16% | 19.29%+5.9pp | 340.46%-315.3pp | 19.29%+5.9pp |
| Employer contribution / active EE | $445 | $2,680-83.4% | $2,681-83.4% | $2,680-83.4% |
| Participant deferral / active EE | $719 | $4,563-84.2% | $3,740-80.8% | $4,563-84.2% |
| Admin fee / account holder | $33 | $79-58.8% | $6,473-99.5% | $79-58.8% |