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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $112,246 |
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 | $33,480 | $52,670-36.4% | $90,404-63.0% | $73,409-54.4% |
| Participation rate | 95.1% | 67.7%+27.5pp | 72.7%+22.5pp | 72.2%+23.0pp |
| Annual return | 15.32% | 20.70%-5.4pp | 1293.02%-1277.7pp | 59.29%-44.0pp |
| Employer contribution / active EE | $309 | $1,872-83.5% | $3,262-90.5% | $2,234-86.2% |
| Participant deferral / active EE | $3,698 | $2,807+31.8% | $3,963-6.7% | $3,805-2.8% |
| Admin fee / account holder | $181 | $117+55.0% | $5,611-96.8% | $158+14.7% |