Filed January 12, 2015
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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,818 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $1,497 |
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 | $31,805 | $57,103-44.3% | $87,507-63.7% | $57,658-44.8% |
| Participation rate | 49.8% | 64.3%-14.5pp | 73.8%-24.0pp | 70.2%-20.4pp |
| Annual return | 7.98% | 12.71%-4.7pp | 12.21%-4.2pp | 5.13%+2.8pp |
| Employer contribution / active EE | $712 | $1,107-35.7% | $2,550-72.1% | $1,974-63.9% |
| Participant deferral / active EE | $1,847 | $2,250-17.9% | $3,149-41.3% | $3,061-39.6% |
| Admin fee / account holder | $120 | $281-57.2% | $4,221-97.2% | $95+27.1% |