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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 150 N. COLLEGE ST. · CHARLOTTE, NC 28255 | Advisory (Participants) | $21,285 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $5,029 |
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 | $30,985 | $55,458-44.1% | $76,030-59.2% | $77,762-60.2% |
| Participation rate | 46.9% | 63.6%-16.7pp | 69.1%-22.2pp | 70.6%-23.7pp |
| Annual return | 18.07% | 17.10%+1.0pp | 361.54%-343.5pp | 31.27%-13.2pp |
| Employer contribution / active EE | $1,103 | $1,792-38.5% | $2,688-59.0% | $2,728-59.6% |
| Participant deferral / active EE | $2,043 | $3,454-40.9% | $4,257-52.0% | $4,651-56.1% |
| Admin fee / account holder | $324 | $411-21.2% | $6,421-95.0% | $433-25.2% |