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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 | $78,483+165.1% | $106,201+95.9% | $74,546+179.1% |
| Participation rate | 95.4% | 72.8%+22.6pp | 75.3%+20.1pp | 67.2%+28.2pp |
| Annual return | 11.27% | 15.94%-4.7pp | 116.26%-105.0pp | 1366.03%-1354.8pp |
| Employer contribution / active EE | $11,788 | $2,522+367.5% | $3,170+271.9% | $2,624+349.2% |
| Participant deferral / active EE | $14,549 | $4,320+236.8% | $5,012+190.3% | $4,347+234.7% |
| Admin fee / account holder | $363 | $2,236-83.8% | $11,039-96.7% | $1,944-81.3% |