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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $15,145 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $208,078 | $78,607+164.7% | $105,624+97.0% | $74,478+179.4% |
| Participation rate | 95.4% | 72.8%+22.6pp | 75.3%+20.2pp | 67.2%+28.2pp |
| Annual return | 11.27% | 15.96%-4.7pp | 116.20%-104.9pp | 1370.56%-1359.3pp |
| Employer contribution / active EE | $11,788 | $2,523+367.2% | $3,168+272.1% | $2,626+348.9% |
| Participant deferral / active EE | $14,549 | $4,325+236.4% | $5,013+190.2% | $4,350+234.4% |
| Admin fee / account holder | $363 | $2,220-83.6% | $10,961-96.7% | $1,946-81.3% |