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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $22,491 |
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $663 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,561 | $54,320-73.2% | $67,652-78.5% | $52,331-72.2% |
| Participation rate | 96.3% | 73.6%+22.7pp | 75.7%+20.7pp | 68.1%+28.2pp |
| Annual return | -2.27% | 6.81%-9.1pp | 6625.40%-6627.7pp | 4.54%-6.8pp |
| Employer contribution / active EE | $1,173 | $1,544-24.0% | $2,266-48.2% | $1,882-37.6% |
| Participant deferral / active EE | $1,474 | $2,950-50.0% | $3,560-58.6% | $3,022-51.2% |
| Admin fee / account holder | $8 | $527-98.5% | $4,821-99.8% | $592-98.7% |