Filed December 19, 2019
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 5-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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $40,961 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $9,989 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $20,822 | $221,442-90.6% | $92,233-77.4% | $77,958-73.3% |
| Participation rate | 86.1% | 79.6%+6.5pp | 76.5%+9.7pp | 71.6%+14.5pp |
| Annual return | 16.77% | 15.65%+1.1pp | 176.28%-159.5pp | 20.87%-4.1pp |
| Employer contribution / active EE | $858 | $3,226-73.4% | $3,679-76.7% | $2,310-62.8% |
| Participant deferral / active EE | $2,053 | $2,779-26.1% | $3,897-47.3% | $3,537-41.9% |
| Admin fee / account holder | $27 | $210-87.0% | $5,194-99.5% | $97-72.1% |