Filed December 5, 2024 (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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $112,327 |
Filed as: MML INVESTORS SERVICES LLC Service code 49 · EIN 04-2746212 | Other Services | $97,641 |
THE BANK OF NEW YORK MELLON2+ years Filed as: PERSHING, LLC Service code 33 · EIN 13-2741729 | Securities brokerage; Recordkeeping f... | $6,950 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $30,063 | $86,372-65.2% | $123,892-75.7% | $65,292-54.0% |
| Participation rate | 67.5% | 76.9%-9.5pp | 81.4%-14.0pp | 72.4%-5.0pp |
| Annual return | 14.21% | 11.27%+2.9pp | 47.52%-33.3pp | 11.84%+2.4pp |
| Employer contribution / active EE | $1,720 | $2,838-39.4% | $4,617-62.7% | $2,302-25.3% |
| Participant deferral / active EE | $4,248 | $5,625-24.5% | $5,984-29.0% | $3,579+18.7% |
| Admin fee / account holder | $16 | $53-70.0% | $8,357-99.8% | $57-72.4% |