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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $65,045 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $193,864 | $61,172+216.9% | $185,851+4.3% | $79,389+144.2% |
| Participation rate | 52.4% | 66.6%-14.2pp | 81.7%-29.3pp | 70.7%-18.3pp |
| Annual return | 12.45% | 19.45%-7.0pp | 122.11%-109.7pp | 116.89%-104.4pp |
| Employer contribution / active EE | $629 | $2,321-72.9% | $5,168-87.8% | $2,428-74.1% |
| Participant deferral / active EE | $2,462 | $2,788-11.7% | $5,569-55.8% | $4,046-39.2% |
| Admin fee / account holder | $214 | $710-69.9% | $16,245-98.7% | $626-65.8% |