Filed October 22, 2020
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 6-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 | $11,489 |
EDWARD JONES6+ years Service code 27 · EIN 43-0345811 | Advisory (Plan) | $10,814 |
Filed as: WILLSHIRE ADVISORS INC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,099 | $55,415-67.3% | $155,509-88.4% | $74,495-75.7% |
| Participation rate | 39.8% | 61.9%-22.2pp | 78.2%-38.4pp | 67.2%-27.4pp |
| Annual return | 12.06% | 268.50%-256.4pp | 64.67%-52.6pp | 1364.94%-1352.9pp |
| Employer contribution / active EE | $28 | $2,267-98.8% | $4,672-99.4% | $2,623-98.9% |
| Participant deferral / active EE | $1,953 | $2,836-31.2% | $5,626-65.3% | $4,346-55.1% |
| Admin fee / account holder | $142 | $1,738-91.9% | $15,912-99.1% | $1,942-92.7% |