Filed September 22, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $41,667 | $62,267-33.1% | $110,243-62.2% | $55,725-25.2% |
| Participation rate | 48.1% | 78.1%-30.0pp | 79.8%-31.7pp | 70.9%-22.8pp |
| Annual return | -4.01% | -1.07%-2.9pp | 314.76%-318.8pp | 244.93%-248.9pp |
| Employer contribution / active EE | $681 | $1,941-64.9% | $3,827-82.2% | $2,078-67.2% |
| Participant deferral / active EE | $1,496 | $3,516-57.5% | $4,672-68.0% | $3,356-55.4% |
| Admin fee / account holder | $59 | $121-51.6% | $8,548-99.3% | $115-49.2% |