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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $63,873 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,319 | $34,634+7.8% | $77,100-51.6% | $64,824-42.4% |
| Participation rate | 62.0% | 49.8%+12.1pp | 67.9%-6.0pp | 71.5%-9.5pp |
| Annual return | -17.74% | -5.31%-12.4pp | 42.35%-60.1pp | 32.84%-50.6pp |
| Employer contribution / active EE | $0 | $1,385-100.0% | $2,815-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $3,021 | $2,553+18.3% | $4,430-31.8% | $4,311-29.9% |
| Admin fee / account holder | $289 | $178+62.3% | $5,443-94.7% | $188+54.1% |