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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH - EPS Service code 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLOTTE, NC 28202 | Advisory (Participants) | $4,003 |
Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLETTE, NC 28202 | Advisory (Participants) | $4,003 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $696 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,071 | $81,358-83.9% | $155,556-91.6% | $80,959-83.9% |
| Participation rate | 59.6% | 66.3%-6.7pp | 78.2%-18.7pp | 67.7%-8.1pp |
| Annual return | 16.35% | 33.39%-17.0pp | 64.84%-48.5pp | 35.67%-19.3pp |
| Employer contribution / active EE | $420 | $3,106-86.5% | $4,675-91.0% | $2,757-84.8% |
| Participant deferral / active EE | $3,040 | $3,455-12.0% | $5,631-46.0% | $4,300-29.3% |
| Admin fee / account holder | $165 | $7,994-97.9% | $15,885-99.0% | $6,925-97.6% |