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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $45,980 |
Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $9,000 |
Filed as: RESOURCES INVESTMENT ADV Service code 27 · EIN 59-3331424 | Advisory (Plan) | $3,000 |
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).
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 | $45,602 | $65,376-30.2% | $87,100-47.6% | $65,185-30.0% |
| Participation rate | 99.2% | 75.3%+23.9pp | 76.9%+22.3pp | 70.2%+29.0pp |
| Annual return | 18.13% | 31.27%-13.1pp | 28.19%-10.1pp | 29.38%-11.3pp |
| Employer contribution / active EE | $0 | $1,822-100.0% | $2,521-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $3,725 | $3,388+9.9% | $4,049-8.0% | $3,514+6.0% |
| Admin fee / account holder | $156 | $520-69.9% | $7,497-97.9% | $847-81.5% |