Filed June 29, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $324,266 |
BDO USA, LLP4 years Filed as: BDO Service code 70 · EIN 13-5381590 | Consulting Fees | $28,484 |
ANDERSON FINANCIAL PARTNERS3 years Service code 10 · EIN 56-2325169 | Accounting | $20,000 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,683 | $67,512-51.6% | $185,823-82.4% | $93,030-64.9% |
| Participation rate | 86.6% | 67.1%+19.4pp | 81.7%+4.9pp | 73.9%+12.7pp |
| Annual return | 11.32% | 21.04%-9.7pp | 122.05%-110.7pp | 158.70%-147.4pp |
| Employer contribution / active EE | $1,074 | $1,783-39.8% | $5,167-79.2% | $2,706-60.3% |
| Participant deferral / active EE | $3,131 | $3,035+3.1% | $5,568-43.8% | $4,562-31.4% |
| Admin fee / account holder | $145 | $318-54.4% | $16,237-99.1% | $152-4.5% |