Filed February 28, 2018
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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $63,331 |
INDEPENDENT FINANCIAL GROUP LLC5+ years Service code 27 · EIN 71-0927304 | Advisory (Plan) | $29,186 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $44,925 | $51,620-13.0% | $90,281-50.2% | $65,185-31.1% |
| Participation rate | 80.8% | 68.6%+12.1pp | 73.3%+7.5pp | 70.2%+10.6pp |
| Annual return | 19.58% | 24.94%-5.4pp | 78.10%-58.5pp | 29.38%-9.8pp |
| Employer contribution / active EE | $1,937 | $2,235-13.3% | $2,854-32.1% | $2,177-11.0% |
| Participant deferral / active EE | $3,685 | $2,871+28.4% | $3,885-5.2% | $3,514+4.9% |
| Admin fee / account holder | $320 | $384-16.8% | $5,351-94.0% | $847-62.2% |