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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $115,495 |
HAYS FINANCIAL GROUP2 years Filed as: HAYS FINANCIAL GROUP, LLC Service code 27 · EIN 41-1931920 | Advisory (Plan) | $40,000 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,986 | $47,722-43.5% | $82,719-67.4% | $64,808-58.4% |
| Participation rate | 98.8% | 67.6%+31.2pp | 72.6%+26.2pp | 71.5%+27.3pp |
| Annual return | -16.20% | -13.05%-3.2pp | 701.18%-717.4pp | 32.82%-49.0pp |
| Employer contribution / active EE | $1,220 | $2,179-44.0% | $3,009-59.4% | $2,506-51.3% |
| Participant deferral / active EE | $4,163 | $3,329+25.0% | $4,395-5.3% | $4,310-3.4% |
| Admin fee / account holder | $152 | $143+6.2% | $5,329-97.2% | $188-19.2% |