Filed August 31, 2023 (most recent of 3 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 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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,749 |
WEALTHPLAN ADVISORS LLC2+ years Service code 27 · EIN 47-2622892 | Advisory (Plan) | $13,592 |
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 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 | $16,375 | $63,156-74.1% | $122,332-86.6% | $62,292-73.7% |
| Participation rate | 80.2% | 60.0%+20.2pp | 71.6%+8.6pp | 69.5%+10.7pp |
| Annual return | 17.74% | 20.61%-2.9pp | 30.27%-12.5pp | 28.90%-11.2pp |
| Employer contribution / active EE | $392 | $1,385-71.7% | $4,050-90.3% | $2,042-80.8% |
| Participant deferral / active EE | $2,382 | $2,321+2.6% | $3,287-27.5% | $3,169-24.8% |
| Admin fee / account holder | $126 | $440-71.5% | $5,478-97.7% | $479-73.8% |