SAML authentication fails with PingFed IdP with error "There was a failure with the mapped account"

Users get the error: "There was a failure with the mapped account" when attempt to login to StoreFront URL after configuring SAML authentication on the StoreFront server with PingFed IdP When checked the Citrix Delivery Services event logs from SF, we see below error: The security token failed...

Error: "StoreFront MMC could not create the snap-in. The snap-in might not have been installed correctly"

StoreFront Management Console opens with the error message"MMC could not create the snap-in. The snap-in might not have been installed correctly"...