Filed July 30, 2021
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $130,706 |
INDEPENDENT FINANCIAL PARTNERS1+ years Service code 27 · EIN 46-0615386 | Advisory (Plan) | $49,931 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $54,223 | $42,582+27.3% | $171,082-68.3% | $57,658-6.0% |
| Participation rate | 81.6% | 63.9%+17.7pp | 76.7%+4.9pp | 70.2%+11.4pp |
| Annual return | 7.71% | 308.67%-301.0pp | 32.56%-24.9pp | 5.13%+2.6pp |
| Employer contribution / active EE | $1,501 | $1,306+14.9% | $4,002-62.5% | $1,974-24.0% |
| Participant deferral / active EE | $3,345 | $2,933+14.0% | $4,797-30.3% | $3,061+9.3% |
| Admin fee / account holder | $230 | $82+179.0% | $8,520-97.3% | $95+143.0% |