Filed January 26, 2024
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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $39,852 |
INDEPENDENT FINANCIAL1 year Service code 27 · EIN 59-3331424 | Advisory (Plan) | $19,996 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $39,714 | $59,186-32.9% | $76,768-48.3% | $56,287-29.4% |
| Participation rate | 98.0% | 75.2%+22.8pp | 77.0%+21.0pp | 69.9%+28.1pp |
| Annual return | -4.00% | 6.62%-10.6pp | 2.43%-6.4pp | -9.96%+6.0pp |
| Employer contribution / active EE | $134 | $1,759-92.4% | $2,485-94.6% | $2,111-93.6% |
| Participant deferral / active EE | $3,628 | $3,255+11.5% | $3,852-5.8% | $3,350+8.3% |
| Admin fee / account holder | $138 | $489-71.8% | $6,675-97.9% | $521-73.5% |