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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 | Recordkeeping | $16,565 |
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $4,608 |
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.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,735 | $100,801-88.4% | $149,730-92.2% | $73,412-84.0% |
| Participation rate | 24.1% | 77.7%-53.5pp | 82.5%-58.3pp | 72.2%-48.0pp |
| Annual return | 14.84% | 265.34%-250.5pp | 276.70%-261.9pp | 59.30%-44.5pp |
| Employer contribution / active EE | $0 | $3,312-100.0% | $4,645-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $2,160 | $6,404-66.3% | $6,843-68.4% | $3,806-43.2% |
| Admin fee / account holder | $63 | $181-65.3% | $9,310-99.3% | $158-60.2% |