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 8-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 COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $65,064 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $83,097 | $59,535+39.6% | $90,160-7.8% | $62,292+33.4% |
| Participation rate | 68.6% | 73.0%-4.5pp | 76.9%-8.3pp | 69.5%-0.9pp |
| Annual return | 0.00% | 23.53%-23.5pp | 34.88%-34.9pp | 28.90%-28.9pp |
| Employer contribution / active EE | $13 | $1,826-99.3% | $3,318-99.6% | $2,042-99.3% |
| Participant deferral / active EE | $7,830 | $4,639+68.8% | $5,288+48.1% | $3,169+147.1% |
| Admin fee / account holder | $387 | $337+15.0% | $5,943-93.5% | $479-19.2% |