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 | $19,274 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,156 | $30,147+19.9% | $58,561-38.3% | $80,157-54.9% |
| Participation rate | 12.2% | 34.4%-22.2pp | 50.9%-38.7pp | 72.9%-60.8pp |
| Annual return | 11.55% | 21.97%-10.4pp | 4251.33%-4239.8pp | 40.39%-28.8pp |
| Employer contribution / active EE | $118 | $528-77.5% | $1,053-88.8% | $2,977-96.0% |
| Participant deferral / active EE | $432 | $1,249-65.4% | $1,923-77.5% | $5,015-91.4% |
| Admin fee / account holder | $29 | $195-85.1% | $2,520-98.9% | $145-80.0% |