Filed March 25, 2021 (most recent of 8 filings on file)
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $58,365 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $46,174 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $143,418 | $122,239+17.3% | $184,203-22.1% | $74,495+92.5% |
| Participation rate | 97.5% | 85.5%+12.0pp | 86.8%+10.7pp | 67.2%+30.3pp |
| Annual return | 14.99% | 19.95%-5.0pp | 28.81%-13.8pp | 1364.94%-1349.9pp |
| Employer contribution / active EE | $6,860 | $4,537+51.2% | $6,427+6.7% | $2,623+161.5% |
| Participant deferral / active EE | $8,533 | $7,139+19.5% | $9,131-6.6% | $4,346+96.3% |
| Admin fee / account holder | $463 | $1,260-63.3% | $13,901-96.7% | $1,942-76.2% |