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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $35,143 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $9,534 |
Service code 49 · EIN 13-5674085 | Other Services | $5,211 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $47,026 | $62,324-24.5% | $68,509-31.4% | $55,191-14.8% |
| Participation rate | 55.0% | 78.9%-23.9pp | 74.7%-19.7pp | 69.2%-14.2pp |
| Annual return | -0.91% | 4.26%-5.2pp | 8.27%-9.2pp | 10.78%-11.7pp |
| Employer contribution / active EE | $411 | $2,223-81.5% | $2,278-81.9% | $1,899-78.3% |
| Participant deferral / active EE | $1,750 | $3,425-48.9% | $3,382-48.3% | $3,046-42.6% |
| Admin fee / account holder | $33 | $91-63.4% | $5,275-99.4% | $91-63.1% |