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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $8,304 |
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $883 |
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.
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 | $25,010 | $65,703-61.9% | $94,228-73.5% | $59,633-58.1% |
| Participation rate | 82.6% | 72.1%+10.4pp | 78.8%+3.8pp | 68.7%+13.9pp |
| Annual return | -0.35% | 5.22%-5.6pp | 10.68%-11.0pp | 2041.40%-2041.8pp |
| Employer contribution / active EE | $0 | $2,021-100.0% | $3,587-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $2,096 | $3,143-33.3% | $4,320-51.5% | $3,192-34.3% |
| Admin fee / account holder | $9 | $4,264-99.8% | $6,269-99.9% | $4,297-99.8% |