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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $22,457 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,423 | $68,092-71.5% | $73,309-73.5% | $59,188-67.2% |
| Participation rate | 35.9% | 78.1%-42.2pp | 74.9%-39.1pp | 69.4%-33.6pp |
| Annual return | 4.79% | 5.93%-1.1pp | 5.67%-0.9pp | 5.51%-0.7pp |
| Employer contribution / active EE | $3 | $2,018-99.8% | $3,237-99.9% | $2,098-99.8% |
| Participant deferral / active EE | $3,250 | $5,041-35.5% | $4,991-34.9% | $3,265-0.4% |
| Admin fee / account holder | $10 | $630-98.4% | $5,635-99.8% | $92-89.1% |