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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 52 | Indirect Investment Fees | $22,872 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,793 | $71,192-62.4% | $117,861-77.3% | $62,293-57.0% |
| Participation rate | 67.8% | 74.2%-6.4pp | 79.7%-11.9pp | 69.5%-1.7pp |
| Annual return | 15.16% | 18.66%-3.5pp | 335.11%-319.9pp | 28.90%-13.7pp |
| Employer contribution / active EE | $821 | $1,934-57.5% | $3,786-78.3% | $2,042-59.8% |
| Participant deferral / active EE | $1,977 | $3,189-38.0% | $4,482-55.9% | $3,169-37.6% |
| Admin fee / account holder | $6 | $587-98.9% | $8,021-99.9% | $479-98.7% |