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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $52,671 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $45,915 |
Service code 49 · EIN 13-5674085 | Other Services | $5,778 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $11,240 | $37,213-69.8% | $156,551-92.8% | $63,975-82.4% |
| Participation rate | 87.6% | 65.0%+22.6pp | 84.0%+3.6pp | 71.1%+16.5pp |
| Annual return | 8.23% | 47.89%-39.7pp | 32.23%-24.0pp | 48.65%-40.4pp |
| Employer contribution / active EE | $0 | $1,357-100.0% | $5,501-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $1,481 | $2,070-28.4% | $4,871-69.6% | $3,356-55.9% |
| Admin fee / account holder | $35 | $56-37.4% | $13,028-99.7% | $70-50.0% |