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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $21,532 |
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $4,065 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $53,643 | $63,114-15.0% | $92,915-42.3% | $65,186-17.7% |
| Participation rate | 71.4% | 68.8%+2.6pp | 76.0%-4.7pp | 70.2%+1.2pp |
| Annual return | 32.99% | 28.75%+4.2pp | 109.45%-76.5pp | 29.39%+3.6pp |
| Employer contribution / active EE | $0 | $2,571-100.0% | $3,653-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $3,701 | $3,108+19.1% | $4,238-12.7% | $3,514+5.3% |
| Admin fee / account holder | $27 | $624-95.6% | $5,796-99.5% | $847-96.8% |