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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,955 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,904 | $61,156-42.9% | $185,823-81.2% | $79,386-56.0% |
| Participation rate | 26.1% | 66.6%-40.6pp | 81.7%-55.6pp | 70.7%-44.7pp |
| Annual return | 12.21% | 19.45%-7.2pp | 122.05%-109.8pp | 116.85%-104.6pp |
| Employer contribution / active EE | $460 | $2,321-80.2% | $5,167-91.1% | $2,427-81.1% |
| Participant deferral / active EE | $966 | $2,789-65.3% | $5,568-82.6% | $4,046-76.1% |
| Admin fee / account holder | $146 | $710-79.5% | $16,237-99.1% | $626-76.7% |