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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $290,948 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $90,041 |
FORVIS MAZARS, LLP1 year Filed as: FORVIS Service code 10 · EIN 44-0160260 | Accounting | $7,527 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $79,688 | $50,127+59.0% | $149,673-46.8% | $80,160-0.6% |
| Participation rate | 96.7% | 64.3%+32.4pp | 78.8%+17.9pp | 72.9%+23.7pp |
| Annual return | 17.55% | 29.82%-12.3pp | 134.42%-116.9pp | 40.38%-22.8pp |
| Employer contribution / active EE | $3,748 | $1,865+101.0% | $4,818-22.2% | $2,978+25.9% |
| Participant deferral / active EE | $6,531 | $3,194+104.5% | $5,680+15.0% | $5,017+30.2% |
| Admin fee / account holder | $127 | $153-16.7% | $13,210-99.0% | $145-12.2% |