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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,932 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $8,173 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $62,294 | $63,299-1.6% | $91,001-31.5% | $62,2920% |
| Participation rate | 58.6% | 73.3%-14.7pp | 75.6%-17.0pp | 69.5%-10.9pp |
| Annual return | 12.84% | 20.99%-8.1pp | 4.60%+8.2pp | 28.90%-16.1pp |
| Employer contribution / active EE | $599 | $1,807-66.8% | $2,456-75.6% | $2,042-70.7% |
| Participant deferral / active EE | $2,562 | $2,943-12.9% | $3,547-27.8% | $3,169-19.2% |
| Admin fee / account holder | $113 | $468-75.9% | $5,417-97.9% | $479-76.5% |