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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $72,267 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,401 | $45,109+18.4% | $85,240-37.4% | $77,762-31.3% |
| Participation rate | 65.5% | 48.7%+16.9pp | 67.5%-2.0pp | 70.6%-5.1pp |
| Annual return | 16.06% | 79.55%-63.5pp | 66.75%-50.7pp | 31.27%-15.2pp |
| Employer contribution / active EE | $0 | $1,602-100.0% | $2,735-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $3,553 | $2,814+26.3% | $4,527-21.5% | $4,651-23.6% |
| Admin fee / account holder | $302 | $915-67.0% | $6,165-95.1% | $433-30.2% |