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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $7,653 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,394 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $81,522 | $87,834-7.2% | $133,975-39.2% | $62,881+29.6% |
| Participation rate | 69.2% | 83.4%-14.1pp | 87.1%-17.8pp | 69.3%-0.1pp |
| Annual return | 3.13% | 12.05%-8.9pp | 29.29%-26.2pp | 20.14%-17.0pp |
| Employer contribution / active EE | $1,541 | $3,482-55.8% | $5,211-70.4% | $2,281-32.4% |
| Participant deferral / active EE | $4,284 | $4,812-11.0% | $6,282-31.8% | $3,203+33.7% |
| Admin fee / account holder | $35 | $5,372-99.3% | $9,324-99.6% | $4,296-99.2% |