Filed May 24, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $19,799 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $17,327 |
WILSHIRE ASSOCIATES INCORPORATED5+ 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.
Participant 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).
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 | $30,636 | $66,650-54.0% | $92,915-67.0% | $67,582-54.7% |
| Participation rate | 24.6% | 72.5%-47.9pp | 76.0%-51.4pp | 71.3%-46.6pp |
| Annual return | 23.65% | 92.64%-69.0pp | 109.45%-85.8pp | 378.57%-354.9pp |
| Employer contribution / active EE | $706 | $2,777-74.6% | $3,653-80.7% | $2,148-67.1% |
| Participant deferral / active EE | $1,370 | $3,160-56.6% | $4,238-67.7% | $3,539-61.3% |
| Admin fee / account holder | $102 | $199-49.0% | $5,796-98.2% | $142-28.6% |