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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $55,335 |
Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 42-1445429 | Advisory (Plan) | $16,139 |
ARMANINO LLP5+ years Service code 10 · EIN 94-6214841 | Accounting | $13,781 |
401(K) ADVISORS INC5+ years Service code 27 · EIN 33-0905143 | Advisory (Plan) | $5,386 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $22,431 | $100,801-77.7% | $149,696-85.0% | $73,409-69.4% |
| Participation rate | 78.0% | 77.7%+0.3pp | 82.5%-4.5pp | 72.2%+5.8pp |
| Annual return | 17.07% | 265.34%-248.3pp | 276.60%-259.5pp | 59.29%-42.2pp |
| Employer contribution / active EE | $68 | $3,312-97.9% | $4,644-98.5% | $2,234-97.0% |
| Participant deferral / active EE | $1,360 | $6,404-78.8% | $6,842-80.1% | $3,805-64.3% |
| Admin fee / account holder | $142 | $181-21.7% | $9,309-98.5% | $158-10.3% |