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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $22,190 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,060 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $53,483 | $55,449-3.5% | $83,831-36.2% | $56,289-5.0% |
| Participation rate | 62.2% | 68.0%-5.8pp | 76.1%-13.9pp | 69.9%-7.6pp |
| Annual return | -1.36% | -1.38%0pp | 850.99%-852.4pp | -9.96%+8.6pp |
| Employer contribution / active EE | $0 | $2,430-100.0% | $3,631-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $2,496 | $2,935-15.0% | $4,082-38.9% | $3,350-25.5% |
| Admin fee / account holder | $17 | $656-97.4% | $5,479-99.7% | $521-96.8% |