Filed August 30, 2021 (most recent of 2 filings on file)
Total covered: 5 employees
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 COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $159,002 |
SAGEVIEW ADVISORY GROUP, LLC6 years Service code 27 · EIN 33-0818667 | Advisory (Plan) | $59,933 |
CLIFTONLARSONALLEN LLP2 years Service code 10 · EIN 41-0746749 | Accounting | $21,105 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $131,045 | $56,467+132.1% | $95,585+37.1% | $102,872+27.4% |
| Participation rate | 35.0% | 62.1%-27.1pp | 72.1%-37.1pp | 73.0%-38.0pp |
| Annual return | 16.93% | 17.94%-1.0pp | 38.56%-21.6pp | 19.06%-2.1pp |
| Employer contribution / active EE | $1,350 | $1,216+11.0% | $2,527-46.6% | $3,526-61.7% |
| Participant deferral / active EE | $3,064 | $3,007+1.9% | $4,023-23.8% | $5,535-44.6% |
| Admin fee / account holder | $137 | $112+21.7% | $6,127-97.8% | $292-53.2% |