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 COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,858 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $10,435 | $52,953-80.3% | $172,739-94.0% | $65,185-84.0% |
| Participation rate | 32.5% | 66.2%-33.7pp | 82.6%-50.2pp | 70.2%-37.7pp |
| Annual return | 18.31% | 30.12%-11.8pp | 802.84%-784.5pp | 29.38%-11.1pp |
| Employer contribution / active EE | $497 | $2,190-77.3% | $5,143-90.3% | $2,177-77.2% |
| Participant deferral / active EE | $728 | $2,471-70.5% | $5,198-86.0% | $3,514-79.3% |
| Admin fee / account holder | $136 | $472-71.1% | $13,954-99.0% | $847-83.9% |