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 COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $42,777 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $20,531 |
Plan reported corrective distributions (failed ADP/ACP testing).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,667 | $71,802-8.5% | $133,975-51.0% | $57,658+13.9% |
| Participation rate | 94.9% | 85.5%+9.5pp | 87.1%+7.9pp | 70.2%+24.7pp |
| Annual return | 24.06% | 13.51%+10.6pp | 29.29%-5.2pp | 5.13%+18.9pp |
| Employer contribution / active EE | $2,064 | $3,161-34.7% | $5,211-60.4% | $1,974+4.6% |
| Participant deferral / active EE | $3,465 | $4,606-24.8% | $6,282-44.8% | $3,061+13.2% |
| Admin fee / account holder | $126 | $88+43.5% | $9,324-98.7% | $95+33.1% |