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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $59,875 |
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 | $25,680 | $80,360-68.0% | $90,161-71.5% | $77,958-67.1% |
| Participation rate | 46.5% | 81.9%-35.4pp | 76.9%-30.4pp | 71.6%-25.2pp |
| Annual return | 25.02% | 24.56%+0.5pp | 34.89%-9.9pp | 20.87%+4.2pp |
| Employer contribution / active EE | $36 | $2,326-98.5% | $3,318-98.9% | $2,310-98.5% |
| Participant deferral / active EE | $4,843 | $5,829-16.9% | $5,287-8.4% | $3,537+36.9% |
| Admin fee / account holder | $20 | $64-68.9% | $5,943-99.7% | $97-79.6% |