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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $75,052 |
INDEPENDENT FINANCIAL GROUP LLC6+ years Service code 27 · EIN 71-0927304 | Advisory (Plan) | $33,855 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,599 | $66,124-15.9% | $90,404-38.5% | $73,488-24.3% |
| Participation rate | 69.3% | 69.7%-0.4pp | 72.7%-3.4pp | 70.7%-1.4pp |
| Annual return | 11.56% | 17.65%-6.1pp | 1293.02%-1281.5pp | 28.51%-17.0pp |
| Employer contribution / active EE | $1,852 | $2,346-21.1% | $3,262-43.2% | $2,270-18.4% |
| Participant deferral / active EE | $3,427 | $3,039+12.8% | $3,963-13.5% | $3,740-8.3% |
| Admin fee / account holder | $393 | $396-0.8% | $5,611-93.0% | $513-23.4% |