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 |
|---|---|---|
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $59,968 |
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $54,057 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $66,121 | $50,287+31.5% | $112,229-41.1% | $80,160-17.5% |
| Participation rate | 34.2% | 52.9%-18.7pp | 72.4%-38.2pp | 72.9%-38.7pp |
| Annual return | 11.70% | 19.72%-8.0pp | 30.20%-18.5pp | 40.38%-28.7pp |
| Employer contribution / active EE | $315 | $1,211-74.0% | $3,430-90.8% | $2,978-89.4% |
| Participant deferral / active EE | $1,890 | $2,265-16.5% | $4,798-60.6% | $5,017-62.3% |
| Admin fee / account holder | $198 | $116+70.5% | $7,748-97.4% | $145+36.6% |