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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $98,954 |
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 | $212,829 | $59,006+260.7% | $97,295+118.7% | $74,478+185.8% |
| Participation rate | 74.3% | 63.7%+10.6pp | 72.7%+1.6pp | 67.2%+7.1pp |
| Annual return | 13.10% | 16.04%-2.9pp | 75.62%-62.5pp | 1370.56%-1357.5pp |
| Employer contribution / active EE | $8,632 | $1,894+355.8% | $2,723+217.0% | $2,626+228.7% |
| Participant deferral / active EE | $6,442 | $3,671+75.5% | $4,264+51.1% | $4,350+48.1% |
| Admin fee / account holder | $471 | $1,974-76.1% | $5,646-91.7% | $1,946-75.8% |