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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 | $78,562+164.9% | $105,608+97.0% | $74,429+179.6% |
| Participation rate | 95.4% | 72.8%+22.6pp | 75.3%+20.2pp | 67.2%+28.2pp |
| Annual return | 11.27% | 15.94%-4.7pp | 116.50%-105.2pp | 1368.38%-1357.1pp |
| Employer contribution / active EE | $11,788 | $2,521+367.5% | $3,167+272.2% | $2,625+349.1% |
| Participant deferral / active EE | $14,549 | $4,321+236.7% | $5,010+190.4% | $4,348+234.6% |
| Admin fee / account holder | $363 | $2,217-83.6% | $11,028-96.7% | $1,944-81.3% |