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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $30,404 |
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $1,677 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,740 | $70,002-91.8% | $115,038-95.0% | $52,331-89.0% |
| Participation rate | 82.4% | 72.1%+10.3pp | 81.4%+1.1pp | 68.1%+14.3pp |
| Annual return | -1.15% | 4.04%-5.2pp | 26.14%-27.3pp | 4.54%-5.7pp |
| Employer contribution / active EE | $684 | $2,715-74.8% | $4,608-85.2% | $1,882-63.7% |
| Participant deferral / active EE | $1,660 | $4,920-66.3% | $6,026-72.5% | $3,022-45.1% |
| Admin fee / account holder | $6 | $566-99.0% | $8,175-99.9% | $592-99.1% |