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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, LLC1 year Filed as: FGMK Service code 10 · EIN 36-2929601 | Accounting | $33,640 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$16,400 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $216,458 | $58,895+267.5% | $178,503+21.3% | $73,497+194.5% |
| Participation rate | 89.4% | 66.2%+23.2pp | 81.9%+7.5pp | 70.7%+18.7pp |
| Annual return | 16.22% | 24.86%-8.6pp | 151.12%-134.9pp | 28.51%-12.3pp |
| Employer contribution / active EE | $5,393 | $2,236+141.2% | $5,011+7.6% | $2,270+137.6% |
| Participant deferral / active EE | $4,664 | $2,567+81.7% | $5,202-10.3% | $3,740+24.7% |
| Admin fee / account holder | $512 | $400+27.8% | $13,987-96.3% | $513-0.3% |