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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $25,769 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $7,712 |
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 | $35,560 | $37,044-4.0% | $71,796-50.5% | $57,658-38.3% |
| Participation rate | 92.5% | 61.1%+31.4pp | 69.1%+23.4pp | 70.2%+22.3pp |
| Annual return | 6.81% | 12.64%-5.8pp | 78.04%-71.2pp | 5.13%+1.7pp |
| Employer contribution / active EE | $394 | $720-45.2% | $1,924-79.5% | $1,974-80.0% |
| Participant deferral / active EE | $3,449 | $1,974+74.7% | $2,794+23.4% | $3,061+12.7% |
| Admin fee / account holder | $74 | $101-26.8% | $4,815-98.5% | $95-21.9% |