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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 150 N. COLLEGE ST. · CHARLOTTE, NC 28255 | Advisory (Participants) | $22,541 |
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $4,888 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,500 | $55,932-45.5% | $76,735-60.3% | $67,986-55.1% |
| Participation rate | 55.8% | 50.8%+5.0pp | 69.5%-13.7pp | 57.2%-1.4pp |
| Annual return | 18.73% | 23.10%-4.4pp | 29.77%-11.0pp | 31.67%-12.9pp |
| Employer contribution / active EE | $1,851 | $1,487+24.5% | $2,454-24.6% | $2,019-8.3% |
| Participant deferral / active EE | $3,500 | $2,558+36.8% | $4,088-14.4% | $3,358+4.2% |
| Admin fee / account holder | $318 | $4,907-93.5% | $7,189-95.6% | $3,203-90.1% |