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 COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $65,962 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $23,545 |
Service code 49 · EIN 13-5674085 | Other Services | $6,279 |
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).
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 | $88,130 | $31,424+180.5% | $81,478+8.2% | $69,631+26.6% |
| Participation rate | 30.5% | 50.8%-20.3pp | 68.0%-37.4pp | 70.7%-40.2pp |
| Annual return | 16.57% | 22.44%-5.9pp | 38.78%-22.2pp | 27571.02%-27554.5pp |
| Employer contribution / active EE | $391 | $1,029-62.0% | $2,568-84.8% | $2,032-80.8% |
| Participant deferral / active EE | $3,124 | $1,838+70.0% | $3,537-11.7% | $3,224-3.1% |
| Admin fee / account holder | $265 | $103+158.2% | $4,561-94.2% | $110+139.9% |