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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $6,825 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,529 | $107,378-67.8% | $108,582-68.2% | $57,658-40.1% |
| Participation rate | 67.1% | 77.1%-10.0pp | 79.6%-12.4pp | 70.2%-3.1pp |
| Annual return | 8.28% | 12.80%-4.5pp | -51.70%+60.0pp | 5.13%+3.1pp |
| Employer contribution / active EE | $367 | $1,782-79.4% | $3,758-90.2% | $1,974-81.4% |
| Participant deferral / active EE | $2,252 | $3,221-30.1% | $4,311-47.8% | $3,061-26.4% |
| Admin fee / account holder | $10 | $108-90.6% | $7,645-99.9% | $95-89.2% |