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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $30,495 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $13,293 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $77,634 | $50,666+53.2% | $76,823+1.1% | $65,185+19.1% |
| Participation rate | 56.8% | 68.8%-12.1pp | 72.1%-15.3pp | 70.2%-13.4pp |
| Annual return | 18.70% | 28.51%-9.8pp | 1166.42%-1147.7pp | 29.38%-10.7pp |
| Employer contribution / active EE | $0 | $1,575-100.0% | $2,302-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $3,695 | $2,647+39.6% | $3,336+10.8% | $3,514+5.1% |
| Admin fee / account holder | $451 | $463-2.6% | $6,422-93.0% | $847-46.8% |