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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 | $30,261 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $23,751 | $81,301-70.8% | $76,119-68.8% | $199,960-88.1% |
| Participation rate | 44.9% | 70.1%-25.2pp | 69.1%-24.2pp | 72.0%-27.1pp |
| Annual return | 10.68% | 16.31%-5.6pp | 361.25%-350.6pp | 34.28%-23.6pp |
| Employer contribution / active EE | $652 | $3,352-80.5% | $2,693-75.8% | $3,036-78.5% |
| Participant deferral / active EE | $1,507 | $4,721-68.1% | $4,259-64.6% | $5,087-70.4% |
| Admin fee / account holder | $26 | $145-82.1% | $6,421-99.6% | $269-90.4% |