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 | $16,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $36,578 | $29,516+23.9% | $77,513-52.8% | $90,274-59.5% |
| Participation rate | 12.5% | 33.7%-21.2pp | 54.2%-41.7pp | 73.4%-60.9pp |
| Annual return | 11.18% | 231.18%-220.0pp | 54.81%-43.6pp | 53.97%-42.8pp |
| Employer contribution / active EE | $109 | $381-71.5% | $987-89.0% | $2,523-95.7% |
| Participant deferral / active EE | $380 | $944-59.7% | $1,861-79.6% | $4,231-91.0% |
| Admin fee / account holder | $25 | $106-76.5% | $2,859-99.1% | $114-78.2% |