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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 13 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Contract Administrator | $28,653 |
401K GENERATION2 years Service code 13 · EIN 26-4477125 195 INTERNATIONAL PARKWAY · LAKE MARY, FL 32746 | Contract Administrator | $19,084 |
PAYCHEX, INC.1 year Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $13,747 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,375 | $91,537-12.2% | $130,045-38.2% | $75,173+6.9% |
| Participation rate | 93.3% | 71.5%+21.9pp | 78.5%+14.8pp | 67.2%+26.1pp |
| Annual return | 12.72% | -631.55%+644.3pp | -137.30%+150.0pp | 160.72%-148.0pp |
| Employer contribution / active EE | $2,614 | $2,845-8.1% | $4,321-39.5% | $2,671-2.1% |
| Participant deferral / active EE | $6,398 | $4,343+47.3% | $5,820+9.9% | $4,126+55.1% |
| Admin fee / account holder | $480 | $6,780-92.9% | $10,600-95.5% | $5,651-91.5% |