Filed March 18, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $104,117 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,749 | $80,976-39.8% | $86,593-43.7% | $80,976-39.8% |
| Participation rate | 68.7% | 68.3%+0.4pp | 73.5%-4.9pp | 68.3%+0.4pp |
| Annual return | 13.97% | 22.91%-8.9pp | 965.08%-951.1pp | 22.91%-8.9pp |
| Employer contribution / active EE | $1,378 | $2,402-42.6% | $2,840-51.5% | $2,402-42.6% |
| Participant deferral / active EE | $1,388 | $3,848-63.9% | $3,609-61.6% | $3,848-63.9% |
| Admin fee / account holder | $13 | $67-81.0% | $4,904-99.7% | $67-81.0% |