Filed August 26, 2019 (most recent of 3 filings on file)
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,206 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $18,479 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,109 | $68,413-28.2% | $123,105-60.1% | $55,191-11.0% |
| Participation rate | 93.6% | 84.5%+9.1pp | 86.8%+6.8pp | 69.2%+24.5pp |
| Annual return | 14.22% | 6.30%+7.9pp | 13.22%+1.0pp | 10.78%+3.4pp |
| Employer contribution / active EE | $1,696 | $3,050-44.4% | $5,151-67.1% | $1,899-10.7% |
| Participant deferral / active EE | $2,786 | $4,490-38.0% | $6,229-55.3% | $3,046-8.5% |
| Admin fee / account holder | $105 | $88+19.0% | $9,014-98.8% | $91+15.1% |