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 | $122,585+25.5% | $184,256-16.5% | $200,096-23.1% |
| Participation rate | 97.5% | 86.9%+10.6pp | 86.8%+10.7pp | 72.0%+25.5pp |
| Annual return | 13.77% | 144.12%-130.3pp | 28.85%-15.1pp | 34.26%-20.5pp |
| Employer contribution / active EE | $5,624 | $4,571+23.0% | $6,427-12.5% | $3,038+85.1% |
| Participant deferral / active EE | $8,493 | $7,972+6.5% | $9,133-7.0% | $5,090+66.9% |
| Admin fee / account holder | $65 | $120-45.9% | $13,899-99.5% | $269-75.9% |