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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $47,346 |
IRA GROUP1+ years Service code 70 · EIN 58-1989031 | Consulting Fees | $7,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,073 | $39,973+27.8% | $79,591-35.8% | $77,906-34.4% |
| Participation rate | 64.5% | 64.6%-0.1pp | 69.5%-5.0pp | 73.7%-9.2pp |
| Annual return | 0.00% | 3.42%-3.4pp | 0.18%-0.2pp | 12.16%-12.2pp |
| Employer contribution / active EE | $1,339 | $1,088+23.1% | $2,413-44.5% | $2,846-53.0% |
| Participant deferral / active EE | $3,612 | $2,774+30.2% | $3,986-9.4% | $4,805-24.8% |
| Admin fee / account holder | $1,290 | $113+1042.7% | $6,815-81.1% | $133+873.1% |