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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH & CO., INC Service code 31 · EIN 13-2740599 | Named fiduciary | $15,372 |
PAYCHEX, INC.1 year Filed as: PAYCHEX, INC Service code 15 911 PANORAMA TRAIL SOUTH · ROCHESTER, NY 14625 | Recordkeeping | $13,715 |
401K GENERATION1 year Service code 14 237 S WESTMONTE DR · ALTAMONTE SPRINGS, FL 32714 | Plan Administrator | $10,366 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $83,760 | $81,900+2.3% | $119,609-30.0% | $68,494+22.3% |
| Participation rate | 60.0% | 71.9%-11.9pp | 79.3%-19.3pp | 67.9%-7.9pp |
| Annual return | -11.49% | -23.82%+12.3pp | -14.97%+3.5pp | -7.84%-3.6pp |
| Employer contribution / active EE | $2,592 | $2,693-3.8% | $4,232-38.8% | $2,596-0.2% |
| Participant deferral / active EE | $6,028 | $4,148+45.3% | $5,602+7.6% | $4,027+49.7% |
| Admin fee / account holder | $381 | $6,582-94.2% | $10,323-96.3% | $5,403-92.9% |