Filed April 19, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $10,109 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $37,496 | $22,291+68.2% | $69,182-45.8% | $63,975-41.4% |
| Participation rate | 12.2% | 35.3%-23.0pp | 55.1%-42.9pp | 71.1%-58.9pp |
| Annual return | 6.70% | 9.30%-2.6pp | -21.93%+28.6pp | 48.65%-41.9pp |
| Employer contribution / active EE | $125 | $325-61.7% | $1,206-89.7% | $2,182-94.3% |
| Participant deferral / active EE | $363 | $808-55.0% | $1,897-80.9% | $3,356-89.2% |
| Admin fee / account holder | $22 | $73-69.8% | $2,697-99.2% | $70-68.7% |