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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $48,768 |
Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 | Advisory (Plan) | $12,000 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,362 | $73,638-20.7% | $95,952-39.2% | $73,488-20.6% |
| Participation rate | 98.5% | 76.2%+22.4pp | 77.1%+21.5pp | 70.7%+27.9pp |
| Annual return | 13.53% | 16.78%-3.2pp | 91.61%-78.1pp | 28.51%-15.0pp |
| Employer contribution / active EE | $304 | $1,863-83.7% | $2,541-88.0% | $2,270-86.6% |
| Participant deferral / active EE | $4,015 | $3,617+11.0% | $4,167-3.6% | $3,740+7.4% |
| Admin fee / account holder | $139 | $482-71.2% | $6,795-98.0% | $513-73.0% |