Filed July 19, 2023
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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,067 |
401(K) ADVISORS INC3+ years Service code 27 · EIN 33-0905143 | Advisory (Plan) | $19,600 |
ARMANINO LLP3+ years Service code 10 · EIN 94-6214841 | Accounting | $12,600 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $22,389 | $75,388-70.3% | $123,544-81.9% | $55,725-59.8% |
| Participation rate | 70.4% | 75.7%-5.2pp | 82.3%-11.9pp | 70.9%-0.4pp |
| Annual return | -4.77% | 4.48%-9.2pp | 119.20%-124.0pp | 244.93%-249.7pp |
| Employer contribution / active EE | $66 | $3,063-97.8% | $4,628-98.6% | $2,078-96.8% |
| Participant deferral / active EE | $1,326 | $5,651-76.5% | $6,426-79.4% | $3,356-60.5% |
| Admin fee / account holder | $157 | $120+31.4% | $9,284-98.3% | $115+36.6% |