Filed August 15, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $55,955 |
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 | $153,884 | $122,695+25.4% | $184,185-16.5% | $199,874-23.0% |
| Participation rate | 97.5% | 87.0%+10.6pp | 86.8%+10.7pp | 72.0%+25.5pp |
| Annual return | 13.77% | 143.93%-130.2pp | 28.81%-15.0pp | 34.28%-20.5pp |
| Employer contribution / active EE | $5,624 | $4,581+22.8% | $6,426-12.5% | $3,036+85.2% |
| Participant deferral / active EE | $8,493 | $7,983+6.4% | $9,132-7.0% | $5,090+66.9% |
| Admin fee / account holder | $65 | $120-46.0% | $13,909-99.5% | $269-75.9% |