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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $8,375 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $48,899 | $62,267-21.5% | $110,243-55.6% | $55,725-12.2% |
| Participation rate | 49.7% | 78.1%-28.4pp | 79.8%-30.1pp | 70.9%-21.1pp |
| Annual return | -3.24% | -1.07%-2.2pp | 314.76%-318.0pp | 244.93%-248.2pp |
| Employer contribution / active EE | $284 | $1,941-85.4% | $3,827-92.6% | $2,078-86.3% |
| Participant deferral / active EE | $2,196 | $3,516-37.5% | $4,672-53.0% | $3,356-34.6% |
| Admin fee / account holder | $16 | $121-86.4% | $8,548-99.8% | $115-85.7% |