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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $140,898 |
HAYS FINANCIAL GROUP4 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 | $38,218 | $65,908-42.0% | $81,812-53.3% | $77,643-50.8% |
| Participation rate | 98.6% | 65.8%+32.9pp | 72.3%+26.3pp | 70.6%+28.1pp |
| Annual return | 15.06% | 26.64%-11.6pp | 773.79%-758.7pp | 31.24%-16.2pp |
| Employer contribution / active EE | $1,319 | $2,370-44.4% | $2,912-54.7% | $2,726-51.6% |
| Participant deferral / active EE | $4,432 | $3,505+26.4% | $4,319+2.6% | $4,647-4.6% |
| Admin fee / account holder | $184 | $526-65.0% | $7,386-97.5% | $430-57.2% |