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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,362 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $6,925 |
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 | $31,319 | $33,745-7.2% | $64,105-51.1% | $55,191-43.3% |
| Participation rate | 91.0% | 59.4%+31.6pp | 68.2%+22.8pp | 69.2%+21.8pp |
| Annual return | 0.05% | 4.95%-4.9pp | 791.24%-791.2pp | 10.78%-10.7pp |
| Employer contribution / active EE | $455 | $641-28.9% | $1,820-75.0% | $1,899-76.0% |
| Participant deferral / active EE | $3,351 | $1,929+73.7% | $2,822+18.8% | $3,046+10.0% |
| Admin fee / account holder | $88 | $94-6.6% | $4,499-98.0% | $91-3.0% |