| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $150,925 |
AAFCPAS, INC.1 year Filed as: AAFCPAS Service code 50 50 WASHINGTON STREET · WESTBOROUGH, MA 01581 | Direct Payment | $6,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $482,313 | $58,910+718.7% | $178,510+170.2% | $73,501+556.2% |
| Participation rate | 96.2% | 66.2%+30.0pp | 81.9%+14.3pp | 70.7%+25.5pp |
| Annual return | 13.69% | 24.86%-11.2pp | 151.13%-137.4pp | 28.51%-14.8pp |
| Employer contribution / active EE | $40,447 | $2,236+1708.7% | $5,011+707.1% | $2,270+1681.6% |
| Participant deferral / active EE | $16,874 | $2,568+557.2% | $5,202+224.4% | $3,740+351.2% |
| Admin fee / account holder | $314 | $400-21.5% | $13,988-97.8% | $513-38.7% |