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 | $13,641 |
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 | $32,595 | $23,119+41.0% | $71,089-54.1% | $75,289-56.7% |
| Participation rate | 13.8% | 36.3%-22.5pp | 54.6%-40.8pp | 72.4%-58.6pp |
| Annual return | -5.35% | -3.32%-2.0pp | 650.65%-656.0pp | -0.04%-5.3pp |
| Employer contribution / active EE | $117 | $399-70.7% | $1,088-89.3% | $2,405-95.1% |
| Participant deferral / active EE | $396 | $960-58.7% | $1,873-78.8% | $3,739-89.4% |
| Admin fee / account holder | $23 | $89-74.2% | $3,082-99.3% | $102-77.5% |