Filed April 27, 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 | $4,589 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $15,527 | $47,977-67.6% | $154,107-89.9% | $56,287-72.4% |
| Participation rate | 12.2% | 66.2%-53.9pp | 83.0%-70.8pp | 69.9%-57.6pp |
| Annual return | 14.37% | 3.54%+10.8pp | 735.12%-720.7pp | -9.96%+24.3pp |
| Employer contribution / active EE | $0 | $2,169-100.0% | $5,298-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $390 | $2,392-83.7% | $5,081-92.3% | $3,350-88.3% |
| Admin fee / account holder | $255 | $438-41.7% | $13,411-98.1% | $521-51.0% |