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 | $17,730 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,414 | $26,906+31.6% | $61,373-42.3% | $77,904-54.5% |
| Participation rate | 11.7% | 33.4%-21.7pp | 52.6%-40.8pp | 73.7%-61.9pp |
| Annual return | -12.55% | -14.46%+1.9pp | 338.61%-351.2pp | 12.21%-24.8pp |
| Employer contribution / active EE | $54 | $521-89.6% | $1,159-95.3% | $2,848-98.1% |
| Participant deferral / active EE | $415 | $1,180-64.9% | $2,125-80.5% | $4,806-91.4% |
| Admin fee / account holder | $27 | $117-76.7% | $2,130-98.7% | $133-79.5% |