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) | $59,977 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $47,510 |
MORNINGSTAR3 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $74,565 | $72,994+2.2% | $120,354-38.0% | $77,643-4.0% |
| Participation rate | 35.4% | 55.2%-19.9pp | 71.9%-36.6pp | 70.6%-35.2pp |
| Annual return | 9.16% | 18.23%-9.1pp | 107.15%-98.0pp | 31.24%-22.1pp |
| Employer contribution / active EE | $350 | $1,793-80.5% | $3,463-89.9% | $2,726-87.2% |
| Participant deferral / active EE | $2,415 | $3,011-19.8% | $4,991-51.6% | $4,647-48.0% |
| Admin fee / account holder | $226 | $658-65.7% | $9,423-97.6% | $430-47.5% |