Filed September 30, 2020 (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 COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $61,923 |
MMA SECURITIES LLC4 years Filed as: MMA SECURITIES, LLC Service code 27 · EIN 22-3570392 | Advisory (Plan) | $24,307 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $97,921 | $130,194-24.8% | $169,993-42.4% | $71,457+37.0% |
| Participation rate | 99.1% | 86.1%+12.9pp | 87.0%+12.1pp | 67.9%+31.2pp |
| Annual return | 17.61% | 20.37%-2.8pp | 53.37%-35.8pp | 28.85%-11.2pp |
| Employer contribution / active EE | $4,036 | $4,381-7.9% | $6,785-40.5% | $2,588+56.0% |
| Participant deferral / active EE | $6,408 | $6,923-7.4% | $10,408-38.4% | $4,289+49.4% |
| Admin fee / account holder | $424 | $966-56.1% | $12,815-96.7% | $1,587-73.3% |