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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER & SMIT Service code 26 · EIN 13-5674085 | Advisory (Participants) | $30,000 |
FGMK, LLC7 years Filed as: FGMK LLC Service code 10 · EIN 36-2929601 | Accounting | $18,089 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 16 · EIN 04-3046611 | Consulting | $8,750 |
Service code 37 · EIN 04-2647786 | Loan Processing | $595 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $181,470 | $61,391+195.6% | $149,723+21.2% | $71,529+153.7% |
| Participation rate | 75.0% | 62.5%+12.5pp | 78.8%-3.8pp | 67.9%+7.1pp |
| Annual return | -8.65% | 35.88%-44.5pp | 134.50%-143.1pp | 28.97%-37.6pp |
| Employer contribution / active EE | $6,287 | $2,384+163.7% | $4,821+30.4% | $2,590+142.7% |
| Participant deferral / active EE | $4,506 | $2,921+54.3% | $5,682-20.7% | $4,291+5.0% |
| Admin fee / account holder | $385 | $1,264-69.5% | $13,215-97.1% | $1,588-75.7% |