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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $514 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,359 | $38,595-65.4% | $80,004-83.3% | $52,331-74.5% |
| Participation rate | 30.7% | 64.5%-33.8pp | 73.0%-42.3pp | 68.1%-37.4pp |
| Annual return | 39.67% | 2.04%+37.6pp | 7.63%+32.0pp | 4.54%+35.1pp |
| Employer contribution / active EE | $0 | $1,133-100.0% | $2,473-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $2,010 | $2,318-13.3% | $3,204-37.3% | $3,022-33.5% |
| Admin fee / account holder | $7 | $304-97.7% | $5,033-99.9% | $592-98.8% |