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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $69,620 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,075 | $89,067-32.6% | $102,423-41.3% | $77,714-22.7% |
| Participation rate | 64.5% | 80.9%-16.4pp | 76.5%-12.0pp | 70.6%-6.0pp |
| Annual return | 10.60% | 25.01%-14.4pp | 29.42%-18.8pp | 31.26%-20.7pp |
| Employer contribution / active EE | $1,498 | $2,699-44.5% | $3,023-50.5% | $2,727-45.1% |
| Participant deferral / active EE | $2,938 | $5,147-42.9% | $5,054-41.9% | $4,649-36.8% |
| Admin fee / account holder | $329 | $236+39.5% | $9,455-96.5% | $433-24.1% |