Filed July 11, 2023 (most recent of 2 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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $360,215 |
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,958 | $143,525-28.3% | $379,746-72.9% | $90,288+14.0% |
| Participation rate | 94.4% | 82.9%+11.5pp | 78.4%+16.0pp | 73.4%+21.1pp |
| Annual return | 13.51% | 18.97%-5.5pp | 34.90%-21.4pp | 53.97%-40.5pp |
| Employer contribution / active EE | $4,785 | $3,201+49.5% | $3,540+35.2% | $2,524+89.6% |
| Participant deferral / active EE | $6,384 | $5,231+22.0% | $6,024+6.0% | $4,232+50.8% |
| Admin fee / account holder | $222 | $100+121.1% | $7,927-97.2% | $114+94.6% |