Filed September 23, 2024
Total covered: 12 employees
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $102,539 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $40,000 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $30,530 | $54,237-43.7% | $90,281-66.2% | $67,579-54.8% |
| Participation rate | 91.3% | 68.6%+22.7pp | 73.3%+18.1pp | 71.3%+20.1pp |
| Annual return | 55.24% | 37.27%+18.0pp | 78.10%-22.9pp | 378.56%-323.3pp |
| Employer contribution / active EE | $1,034 | $1,846-44.0% | $2,854-63.8% | $2,148-51.8% |
| Participant deferral / active EE | $3,448 | $2,625+31.3% | $3,885-11.3% | $3,539-2.6% |
| Admin fee / account holder | $176 | $123+42.8% | $5,351-96.7% | $142+23.8% |