Filed November 9, 2023
Total covered: 18 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $31,870 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $131,981 | $104,544+26.2% | $96,564+36.7% | $80,187+64.6% |
| Participation rate | 69.7% | 86.4%-16.7pp | 76.0%-6.3pp | 72.9%-3.2pp |
| Annual return | 14.28% | 21.79%-7.5pp | 25.89%-11.6pp | 40.40%-26.1pp |
| Employer contribution / active EE | $6,396 | $3,527+81.3% | $2,967+115.6% | $2,980+114.7% |
| Participant deferral / active EE | $4,669 | $6,170-24.3% | $4,852-3.8% | $5,016-6.9% |
| Admin fee / account holder | $15 | $107-86.2% | $8,256-99.8% | $145-89.8% |