Filed May 6, 2012
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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $36,417 |
Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041 | Advisory (Plan) | $13,578 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,286 | $44,984-28.2% | $85,009-62.0% | $74,546-56.7% |
| Participation rate | 84.6% | 49.4%+35.2pp | 67.5%+17.1pp | 67.2%+17.4pp |
| Annual return | 10.37% | 26.25%-15.9pp | 66.47%-56.1pp | 1366.03%-1355.7pp |
| Employer contribution / active EE | $908 | $1,458-37.7% | $2,728-66.7% | $2,624-65.4% |
| Participant deferral / active EE | $2,426 | $2,733-11.3% | $4,522-46.4% | $4,347-44.2% |
| Admin fee / account holder | $303 | $2,208-86.3% | $6,153-95.1% | $1,944-84.4% |