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 |
|---|---|---|
EDWARD JONES5+ years Service code 27 · EIN 43-0345811 | Advisory (Plan) | $11,352 |
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,163 |
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.
Annual investment return 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,625 | $61,272-63.1% | $149,673-84.9% | $71,457-68.3% |
| Participation rate | 40.9% | 62.5%-21.6pp | 78.8%-37.9pp | 67.9%-27.0pp |
| Annual return | 13.08% | 35.85%-22.8pp | 134.42%-121.3pp | 28.85%-15.8pp |
| Employer contribution / active EE | $30 | $2,378-98.7% | $4,818-99.4% | $2,588-98.8% |
| Participant deferral / active EE | $2,174 | $2,917-25.5% | $5,680-61.7% | $4,289-49.3% |
| Admin fee / account holder | $104 | $1,261-91.8% | $13,210-99.2% | $1,587-93.5% |