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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $47,860 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $8,590 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $70,352 | $52,884+33.0% | $84,753-17.0% | $55,167+27.5% |
| Participation rate | 83.6% | 67.5%+16.0pp | 76.6%+7.0pp | 69.0%+14.6pp |
| Annual return | 4.79% | 18.03%-13.2pp | 22.78%-18.0pp | 169.23%-164.4pp |
| Employer contribution / active EE | $573 | $2,233-74.4% | $3,574-84.0% | $1,963-70.8% |
| Participant deferral / active EE | $4,226 | $2,644+59.9% | $3,712+13.9% | $3,054+38.4% |
| Admin fee / account holder | $365 | $581-37.2% | $5,333-93.2% | $504-27.6% |