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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $142,388 |
401(K) ADVISORS INC1 year Service code 27 · EIN 33-0905143 | Advisory (Plan) | $39,779 |
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.
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 | $3,695 | $29,516-87.5% | $77,482-95.2% | $90,288-95.9% |
| Participation rate | 65.0% | 33.7%+31.3pp | 54.2%+10.8pp | 73.4%-8.4pp |
| Annual return | 20.04% | 231.18%-211.1pp | 54.79%-34.7pp | 53.97%-33.9pp |
| Employer contribution / active EE | $31 | $381-91.9% | $986-96.9% | $2,524-98.8% |
| Participant deferral / active EE | $548 | $944-41.9% | $1,861-70.5% | $4,232-87.0% |
| Admin fee / account holder | $37 | $106-64.7% | $2,858-98.7% | $114-67.2% |