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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER & SMIT Service code 26 · EIN 13-5674085 | Advisory (Participants) | $40,000 |
FGMK, LLC3 years Filed as: FGMK LLC Service code 10 · EIN 36-2929601 | Accounting | $16,000 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$17,425 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $174,294 | $52,967+229.1% | $172,753+0.9% | $65,186+167.4% |
| Participation rate | 89.8% | 66.2%+23.6pp | 82.6%+7.2pp | 70.2%+19.6pp |
| Annual return | -1.52% | 30.12%-31.6pp | 803.00%-804.5pp | 29.39%-30.9pp |
| Employer contribution / active EE | $5,153 | $2,190+135.3% | $5,144+0.2% | $2,177+136.7% |
| Participant deferral / active EE | $4,094 | $2,471+65.7% | $5,198-21.2% | $3,514+16.5% |
| Admin fee / account holder | $373 | $472-21.0% | $13,956-97.3% | $847-56.0% |