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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $411 |
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.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,112 | $56,640+45.0% | $78,002+5.3% | $55,167+48.8% |
| Participation rate | 68.0% | 73.3%-5.4pp | 75.5%-7.6pp | 69.0%-1.0pp |
| Annual return | 7.41% | 2868.48%-2861.1pp | 425.99%-418.6pp | 169.23%-161.8pp |
| Employer contribution / active EE | $0 | $1,724-100.0% | $2,470-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $2,849 | $2,778+2.6% | $3,497-18.5% | $3,054-6.7% |
| Admin fee / account holder | $4 | $467-99.2% | $5,481-99.9% | $504-99.2% |