Filed April 26, 2024 (most recent of 5 filings on file)
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 10-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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $337,002 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $89,940 |
FORVIS MAZARS, LLP2 years Filed as: FORVIS Service code 10 · EIN 44-0160260 | Accounting | $18,375 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,940 | $53,136+65.5% | $155,509-43.5% | $199,593-55.9% |
| Participation rate | 96.3% | 64.1%+32.2pp | 78.2%+18.1pp | 72.0%+24.3pp |
| Annual return | 13.69% | 41.15%-27.5pp | 64.67%-51.0pp | 34.25%-20.6pp |
| Employer contribution / active EE | $3,769 | $1,851+103.6% | $4,672-19.3% | $3,034+24.2% |
| Participant deferral / active EE | $6,705 | $3,161+112.1% | $5,626+19.2% | $5,087+31.8% |
| Admin fee / account holder | $150 | $185-19.0% | $15,912-99.1% | $269-44.2% |