Filed October 30, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 49 · EIN 13-2808480 | Other Services | $27,859 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,482 |
Service code 49 · EIN 14-1759450 | Other Services | $5,363 |
Service code 49 · EIN 13-5674085 | Other Services | $3,724 |
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).
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 | $88,284 | $71,666+23.2% | $117,861-25.1% | $69,631+26.8% |
| Participation rate | 58.6% | 77.5%-19.0pp | 79.7%-21.1pp | 70.7%-12.1pp |
| Annual return | 21.61% | 18.86%+2.8pp | 335.11%-313.5pp | 27571.02%-27549.4pp |
| Employer contribution / active EE | $1,133 | $1,889-40.0% | $3,786-70.1% | $2,032-44.2% |
| Participant deferral / active EE | $3,142 | $3,340-5.9% | $4,482-29.9% | $3,224-2.5% |
| Admin fee / account holder | $26 | $120-78.4% | $8,021-99.7% | $110-76.5% |