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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,470 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $182,419 | $84,487+115.9% | $125,339+45.5% | $66,914+172.6% |
| Participation rate | 99.0% | 76.4%+22.6pp | 82.4%+16.6pp | 69.8%+29.2pp |
| Annual return | 23.85% | -8.39%+32.2pp | 572.05%-548.2pp | 1.58%+22.3pp |
| Employer contribution / active EE | $11,231 | $3,553+216.1% | $4,814+133.3% | $2,544+341.4% |
| Participant deferral / active EE | $9,591 | $6,781+41.4% | $7,446+28.8% | $4,237+126.4% |
| Admin fee / account holder | $198 | $685-71.2% | $10,010-98.0% | $593-66.7% |