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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $577,745 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,788 | $73,283-55.3% | $155,556-78.9% | $106,553-69.2% |
| Participation rate | 34.4% | 73.3%-38.9pp | 78.2%-43.9pp | 69.8%-35.5pp |
| Annual return | 14.86% | 15.76%-0.9pp | 64.84%-50.0pp | 17.37%-2.5pp |
| Employer contribution / active EE | $389 | $2,241-82.6% | $4,675-91.7% | $3,359-88.4% |
| Participant deferral / active EE | $1,816 | $4,567-60.2% | $5,631-67.7% | $5,562-67.3% |
| Admin fee / account holder | $98 | $56+74.9% | $15,885-99.4% | $80+22.7% |