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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $15,708 |
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 | $11,367 | $168,231-93.2% | $67,834-83.2% | $63,975-82.2% |
| Participation rate | 54.3% | 66.8%-12.5pp | 68.8%-14.4pp | 71.1%-16.8pp |
| Annual return | 5.41% | 11.76%-6.4pp | 138.47%-133.1pp | 48.65%-43.2pp |
| Employer contribution / active EE | $656 | $1,907-65.6% | $2,403-72.7% | $2,182-70.0% |
| Participant deferral / active EE | $1,111 | $2,827-60.7% | $3,160-64.8% | $3,356-66.9% |
| Admin fee / account holder | $16 | $81-80.3% | $4,622-99.7% | $70-77.5% |