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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH11+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $5,922 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $135,373 | $65,246+107.5% | $98,716+37.1% | $67,986+99.1% |
| Participation rate | 50.8% | 51.4%-0.6pp | 69.3%-18.5pp | 57.2%-6.4pp |
| Annual return | 12.23% | 20.58%-8.4pp | 31.81%-19.6pp | 31.67%-19.4pp |
| Employer contribution / active EE | $787 | $1,042-24.5% | $2,279-65.5% | $2,019-61.0% |
| Participant deferral / active EE | $3,203 | $2,594+23.5% | $4,048-20.9% | $3,358-4.6% |
| Admin fee / account holder | $76 | $4,561-98.3% | $8,703-99.1% | $3,203-97.6% |