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 |
|---|---|---|
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL Service code 26 · EIN 20-8764829 | Advisory (Participants) | $163,951 |
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $163,329 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,489 | $78,044-66.1% | $91,220-71.0% | $78,044-66.1% |
| Participation rate | 23.7% | 74.4%-50.8pp | 73.2%-49.5pp | 74.4%-50.8pp |
| Annual return | -12.24% | 10.87%-23.1pp | 114.01%-126.3pp | 10.87%-23.1pp |
| Employer contribution / active EE | $676 | $3,125-78.4% | $2,850-76.3% | $3,125-78.4% |
| Participant deferral / active EE | $1,097 | $5,084-78.4% | $4,234-74.1% | $5,084-78.4% |
| Admin fee / account holder | $123 | $79+55.9% | $5,420-97.7% | $79+55.9% |