Filed April 6, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH FENNER & SMITH Service code 17 · EIN 13-5674085 | Pension Consulting | $40,566 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,941 | $74,188+2.4% | $115,756-34.4% | $64,824+17.1% |
| Participation rate | 64.7% | 76.2%-11.5pp | 77.1%-12.4pp | 71.5%-6.8pp |
| Annual return | -9.37% | -11.81%+2.4pp | 143.14%-152.5pp | 32.84%-42.2pp |
| Employer contribution / active EE | $3,786 | $3,365+12.5% | $3,793-0.2% | $2,507+51.0% |
| Participant deferral / active EE | $8,784 | $5,294+65.9% | $6,254+40.5% | $4,311+103.7% |
| Admin fee / account holder | $226 | $148+52.7% | $8,124-97.2% | $188+20.6% |