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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $526,087 |
Service code 27 · EIN 36-4291971 | Advisory (Plan) | $87,348 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $39,189 | $103,282-62.1% | $81,382-51.8% | $99,062-60.4% |
| Participation rate | 93.9% | 73.2%+20.7pp | 69.5%+24.5pp | 71.6%+22.3pp |
| Annual return | 13.43% | 15.11%-1.7pp | 24.73%-11.3pp | 17.66%-4.2pp |
| Employer contribution / active EE | $2,597 | $3,061-15.1% | $2,463+5.5% | $3,262-20.4% |
| Participant deferral / active EE | $3,915 | $4,549-13.9% | $3,883+0.8% | $5,331-26.6% |
| Admin fee / account holder | $70 | $78-10.3% | $5,768-98.8% | $109-35.4% |