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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 | $89,123-32.6% | $102,460-41.4% | $77,762-22.7% |
| Participation rate | 64.5% | 80.9%-16.4pp | 76.5%-12.0pp | 70.6%-6.0pp |
| Annual return | 10.60% | 25.05%-14.4pp | 29.47%-18.9pp | 31.27%-20.7pp |
| Employer contribution / active EE | $1,498 | $2,700-44.5% | $3,025-50.5% | $2,728-45.1% |
| Participant deferral / active EE | $2,938 | $5,148-42.9% | $5,056-41.9% | $4,651-36.8% |
| Admin fee / account holder | $329 | $236+39.5% | $9,460-96.5% | $433-24.0% |