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 | $106,164+5.1% | $147,041-24.1% | $77,692+43.6% |
| Participation rate | 84.9% | 78.4%+6.5pp | 82.2%+2.7pp | 70.6%+14.3pp |
| Annual return | 17.09% | 56.81%-39.7pp | 419.21%-402.1pp | 31.25%-14.2pp |
| Employer contribution / active EE | $0 | $4,066-100.0% | $4,935-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $12,870 | $7,993+61.0% | $8,071+59.5% | $4,648+176.9% |
| Admin fee / account holder | $302 | $338-10.6% | $13,006-97.7% | $431-29.8% |