Filed July 12, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 52 | Indirect Investment Fees | $8,385 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $25,847 | $56,484-54.2% | $169,452-84.7% | $64,173-59.7% |
| Participation rate | 95.7% | 64.5%+31.1pp | 77.8%+17.9pp | 69.6%+26.1pp |
| Annual return | -4.09% | -1.55%-2.5pp | 1.83%-5.9pp | 7.63%-11.7pp |
| Employer contribution / active EE | $2,304 | $1,832+25.7% | $4,157-44.6% | $2,381-3.2% |
| Participant deferral / active EE | $3,842 | $3,448+11.4% | $5,277-27.2% | $3,470+10.7% |
| Admin fee / account holder | $163 | $4,174-96.1% | $9,110-98.2% | $4,887-96.7% |