Filed November 24, 2023 (most recent of 2 filings on file)
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 5-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $98,785 |
IMA WEALTH INC4+ years Service code 27 · EIN 48-1233289 | Advisory (Plan) | $34,975 |
STOCKMAN KAST RYAN1 year Service code 10 · EIN 84-1509584 | Accounting | $5,715 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,131 | $52,660-80.8% | $86,612-88.3% | $80,160-87.4% |
| Participation rate | 35.7% | 62.4%-26.7pp | 71.7%-36.0pp | 72.9%-37.2pp |
| Annual return | 17.67% | 24.87%-7.2pp | 591.07%-573.4pp | 40.38%-22.7pp |
| Employer contribution / active EE | $467 | $2,140-78.2% | $3,022-84.5% | $2,978-84.3% |
| Participant deferral / active EE | $246 | $3,215-92.3% | $4,438-94.4% | $5,017-95.1% |
| Admin fee / account holder | $94 | $113-16.5% | $5,614-98.3% | $145-35.0% |