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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,705 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $61,815 | $50,464+22.5% | $75,784-18.4% | $52,331+18.1% |
| Participation rate | 42.6% | 66.8%-24.2pp | 75.8%-33.3pp | 68.1%-25.6pp |
| Annual return | 18.14% | 1.03%+17.1pp | 9.68%+8.5pp | 4.54%+13.6pp |
| Employer contribution / active EE | $0 | $1,988-100.0% | $3,323-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $2,185 | $2,570-15.0% | $3,652-40.2% | $3,022-27.7% |
| Admin fee / account holder | $22 | $1,103-98.0% | $5,300-99.6% | $592-96.3% |