Filed November 16, 2007
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $57,910 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $15,756 |
Service code 49 · EIN 13-5674085 | Other Services | $4,209 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $70,913 | $30,599+131.7% | $74,583-4.9% | $57,658+23.0% |
| Participation rate | 24.5% | 49.1%-24.7pp | 68.1%-43.6pp | 70.2%-45.8pp |
| Annual return | 16.62% | 14.24%+2.4pp | 20.47%-3.8pp | 5.13%+11.5pp |
| Employer contribution / active EE | $300 | $1,000-70.0% | $2,525-88.1% | $1,974-84.8% |
| Participant deferral / active EE | $2,282 | $1,805+26.4% | $3,458-34.0% | $3,061-25.4% |
| Admin fee / account holder | $221 | $98+125.5% | $4,138-94.7% | $95+133.8% |