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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $850 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $120,255 | $59,054+103.6% | $97,260+23.6% | $77,736+54.7% |
| Participation rate | 56.8% | 67.9%-11.0pp | 72.7%-15.8pp | 70.6%-13.7pp |
| Annual return | 12.76% | 16.96%-4.2pp | 75.54%-62.8pp | 31.26%-18.5pp |
| Employer contribution / active EE | $925 | $1,742-46.9% | $2,721-66.0% | $2,728-66.1% |
| Participant deferral / active EE | $3,918 | $3,930-0.3% | $4,262-8.1% | $4,651-15.8% |
| Admin fee / account holder | $62 | $346-82.1% | $5,640-98.9% | $433-85.7% |