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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 52 | Indirect Investment Fees | $5,921 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,437 | $74,089-84.6% | $133,975-91.5% | $55,167-79.3% |
| Participation rate | 28.3% | 84.3%-56.0pp | 87.1%-58.7pp | 69.0%-40.7pp |
| Annual return | 8.83% | 12.11%-3.3pp | 29.29%-20.5pp | 169.23%-160.4pp |
| Employer contribution / active EE | $0 | $3,064-100.0% | $5,211-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,224 | $4,678-73.8% | $6,282-80.5% | $3,054-59.9% |
| Admin fee / account holder | $11 | $458-97.6% | $9,324-99.9% | $504-97.8% |