Filed May 22, 2018
Total covered: 10 employees
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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,405 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $35,757 | $58,879-39.3% | $178,490-80.0% | $73,488-51.3% |
| Participation rate | 19.0% | 66.2%-47.2pp | 81.9%-62.9pp | 70.7%-51.6pp |
| Annual return | 13.28% | 24.86%-11.6pp | 151.07%-137.8pp | 28.51%-15.2pp |
| Employer contribution / active EE | $476 | $2,236-78.7% | $5,011-90.5% | $2,270-79.0% |
| Participant deferral / active EE | $909 | $2,567-64.6% | $5,202-82.5% | $3,740-75.7% |
| Admin fee / account holder | $246 | $400-38.5% | $13,984-98.2% | $513-52.0% |