Filed August 27, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $116,414 |
FIRST WESTERN TRUST BANK3+ years Service code 27 · EIN 27-0083757 | Advisory (Plan) | $17,387 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,788 | $25,165-65.1% | $73,545-88.1% | $77,958-88.7% |
| Participation rate | 25.1% | 36.6%-11.5pp | 54.9%-29.9pp | 71.6%-46.6pp |
| Annual return | 20.13% | 18.12%+2.0pp | -15.16%+35.3pp | 20.87%-0.7pp |
| Employer contribution / active EE | $0 | $395-100.0% | $1,219-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $433 | $898-51.7% | $1,806-76.0% | $3,537-87.7% |
| Admin fee / account holder | $102 | $76+35.2% | $2,320-95.6% | $97+5.2% |