Filed April 15, 2016
See peer percentile detail. $4.99 for your first month.
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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 | $12,931 |
WEALTHPLAN ADVISORS LLC5+ years Service code 27 | Advisory (Plan) | $11,240 |
WEALTHPLAN ADVISORS LLC5+ years Filed as: WEALTHPLAN ADVISORS, LLC Service code 27 · EIN 47-2622892 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $13,178 | $66,124-80.1% | $90,404-85.4% | $73,488-82.1% |
| Participation rate | 51.4% | 69.7%-18.3pp | 72.7%-21.3pp | 70.7%-19.3pp |
| Annual return | 14.18% | 17.65%-3.5pp | 1293.02%-1278.8pp | 28.51%-14.3pp |
| Employer contribution / active EE | $482 | $2,346-79.5% | $3,262-85.2% | $2,270-78.8% |
| Participant deferral / active EE | $1,596 | $3,039-47.5% | $3,963-59.7% | $3,740-57.3% |
| Admin fee / account holder | $61 | $396-84.6% | $5,611-98.9% | $513-88.1% |