Filed September 1, 2022 (most recent of 6 filings on file)
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 4-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 | $432,332 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $79,902 |
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 | $40,422 | $93,283-56.7% | $77,163-47.6% | $103,482-60.9% |
| Participation rate | 93.0% | 79.3%+13.7pp | 69.6%+23.4pp | 73.3%+19.7pp |
| Annual return | 18.49% | 17.40%+1.1pp | 37.87%-19.4pp | 33.11%-14.6pp |
| Employer contribution / active EE | $2,112 | $3,170-33.4% | $2,535-16.7% | $3,208-34.2% |
| Participant deferral / active EE | $3,289 | $4,624-28.9% | $3,833-14.2% | $5,207-36.8% |
| Admin fee / account holder | $71 | $78-9.9% | $5,472-98.7% | $114-38.2% |