Filed August 4, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 27 33 WEST MONROE SUITE 2200 · CHICAGO, IL 60642 | Advisory (Plan) | $93,739 |
DOWELL GROUP LLP5 years Service code 15 · EIN 36-4027344 | Recordkeeping | $27,075 |
CLIFTONLARSONALLEN LLP2 years Service code 10 · EIN 41-0746749 | Accounting | $17,642 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $129,810 | $88,183+47.2% | $107,187+21.1% | $71,012+82.8% |
| Participation rate | 85.9% | 67.5%+18.4pp | 75.0%+10.8pp | 58.6%+27.3pp |
| Annual return | 12.17% | 16.47%-4.3pp | 204.55%-192.4pp | 37.67%-25.5pp |
| Employer contribution / active EE | $2,115 | $3,914-46.0% | $3,782-44.1% | $2,348-9.9% |
| Participant deferral / active EE | $7,507 | $3,079+143.8% | $5,096+47.3% | $3,246+131.3% |
| Admin fee / account holder | $451 | $1,430-68.4% | $9,162-95.1% | $1,167-61.3% |