Filed October 24, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $87,701 |
Service code 37 · EIN 04-2647786 | Loan Processing | $36,380 |
EISNERAMPER LLP1+ years Filed as: EISNER AMPER LLP Service code 10 · EIN 87-1363769 | Accounting | $13,420 |
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.)
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 | $111,575 | $106,264+5.0% | $147,117-24.2% | $77,762+43.5% |
| Participation rate | 84.9% | 78.4%+6.5pp | 82.2%+2.7pp | 70.6%+14.3pp |
| Annual return | 17.09% | 56.94%-39.8pp | 420.54%-403.5pp | 31.27%-14.2pp |
| Employer contribution / active EE | $0 | $4,074-100.0% | $4,932-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $12,870 | $8,003+60.8% | $8,065+59.6% | $4,651+176.7% |
| Admin fee / account holder | $302 | $334-9.6% | $12,993-97.7% | $433-30.2% |