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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $13,825 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,001 | $54,281-77.9% | $60,547-80.2% | $59,188-79.7% |
| Participation rate | 52.2% | 66.8%-14.6pp | 68.0%-15.7pp | 69.4%-17.2pp |
| Annual return | -1.90% | 1.74%-3.6pp | 335.64%-337.5pp | 5.51%-7.4pp |
| Employer contribution / active EE | $522 | $2,031-74.3% | $2,419-78.4% | $2,098-75.1% |
| Participant deferral / active EE | $1,092 | $2,789-60.9% | $3,328-67.2% | $3,265-66.6% |
| Admin fee / account holder | $16 | $64-74.6% | $4,536-99.6% | $92-82.2% |