Filed October 12, 2022 (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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $102,404 |
Filed as: KESTRA ADVISORY SERVICES Service code 27 · EIN 77-0185497 | Advisory (Plan) | $60,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $67,254 | $47,278+42.3% | $124,672-46.1% | $93,030-27.7% |
| Participation rate | 33.2% | 51.1%-17.8pp | 74.6%-41.4pp | 73.9%-40.7pp |
| Annual return | 13.04% | 15.27%-2.2pp | 5142.93%-5129.9pp | 158.70%-145.7pp |
| Employer contribution / active EE | $125 | $937-86.7% | $3,324-96.3% | $2,706-95.4% |
| Participant deferral / active EE | $1,532 | $1,786-14.2% | $4,614-66.8% | $4,562-66.4% |
| Admin fee / account holder | $249 | $108+130.3% | $7,493-96.7% | $152+64.5% |