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.
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $69,834 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $17,112 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $4,743 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $82,545 | $44,473+85.6% | $76,523+7.9% | $55,725+48.1% |
| Participation rate | 23.5% | 51.0%-27.5pp | 68.0%-44.5pp | 70.9%-47.4pp |
| Annual return | -7.59% | -2.01%-5.6pp | -0.27%-7.3pp | 244.93%-252.5pp |
| Employer contribution / active EE | $295 | $1,101-73.2% | $2,647-88.9% | $2,078-85.8% |
| Participant deferral / active EE | $2,283 | $1,988+14.9% | $3,835-40.5% | $3,356-32.0% |
| Admin fee / account holder | $274 | $134+104.2% | $4,848-94.4% | $115+137.8% |