Filed December 6, 2019 (most recent of 3 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 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 COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $524,479 |
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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).
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $254,941 | $147,538+72.8% | $150,045+69.9% | $117,739+116.5% |
| Participation rate | 51.8% | 72.5%-20.7pp | 82.3%-30.6pp | 76.6%-24.9pp |
| Annual return | 15.86% | 16.95%-1.1pp | 62.55%-46.7pp | 17.29%-1.4pp |
| Employer contribution / active EE | $3,597 | $4,350-17.3% | $4,693-23.4% | $3,746-4.0% |
| Participant deferral / active EE | $8,167 | $8,925-8.5% | $7,997+2.1% | $6,128+33.3% |
| Admin fee / account holder | $89 | $125-28.7% | $13,435-99.3% | $112-20.1% |