Filed January 22, 2024
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 5-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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $35,128 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $264,606 | $104,475+153.3% | $159,436+66.0% | $79,386+233.3% |
| Participation rate | 98.1% | 76.6%+21.5pp | 82.8%+15.3pp | 70.7%+27.4pp |
| Annual return | 19.41% | 67.95%-48.5pp | 263.57%-244.2pp | 116.85%-97.4pp |
| Employer contribution / active EE | $10,807 | $3,417+216.3% | $4,829+123.8% | $2,427+345.2% |
| Participant deferral / active EE | $10,194 | $6,467+57.6% | $7,352+38.7% | $4,046+152.0% |
| Admin fee / account holder | $300 | $711-57.8% | $10,799-97.2% | $626-52.1% |