Filed August 20, 2012
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 COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $114,010 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $53,597 |
Service code 49 · EIN 13-5674085 | Other Services | $10,720 |
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 | $31,152 | $34,242-9.0% | $76,523-59.3% | $75,289-58.6% |
| Participation rate | 17.3% | 43.9%-26.6pp | 68.0%-50.7pp | 72.4%-55.1pp |
| Annual return | 3.89% | -0.98%+4.9pp | -0.27%+4.2pp | -0.04%+3.9pp |
| Employer contribution / active EE | $563 | $975-42.2% | $2,647-78.7% | $2,405-76.6% |
| Participant deferral / active EE | $1,517 | $1,872-19.0% | $3,835-60.4% | $3,739-59.4% |
| Admin fee / account holder | $121 | $112+8.4% | $4,848-97.5% | $102+18.6% |