Filed August 24, 2023 (most recent of 2 filings on file)
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 7-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 | $34,302 |
Filed as: QUINTES ADMINISTRATIVE AND INSUR Service code 13 · EIN 20-4319325 | Contract Administrator | $16,700 |
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 | $32,259 | $62,928-48.7% | $172,739-81.3% | $67,579-52.3% |
| Participation rate | 80.3% | 64.5%+15.8pp | 82.6%-2.4pp | 71.3%+9.0pp |
| Annual return | 17.45% | 30.36%-12.9pp | 802.84%-785.4pp | 378.56%-361.1pp |
| Employer contribution / active EE | $0 | $1,636-100.0% | $5,143-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $3,175 | $2,145+48.0% | $5,198-38.9% | $3,539-10.3% |
| Admin fee / account holder | $122 | $167-26.8% | $13,954-99.1% | $142-14.2% |