Filed January 2, 2018 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $1,351,078 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $131,327 | $164,350-20.1% | $95,968+36.8% | $106,273+23.6% |
| Participation rate | 57.9% | 90.5%-32.6pp | 77.1%-19.2pp | 70.8%-12.9pp |
| Annual return | -5.59% | 14.56%-20.2pp | 91.65%-97.2pp | 21.70%-27.3pp |
| Employer contribution / active EE | $3,889 | $4,292-9.4% | $2,542+53.0% | $2,722+42.8% |
| Participant deferral / active EE | $4,073 | $7,854-48.1% | $4,167-2.2% | $4,601-11.5% |
| Admin fee / account holder | $61 | $65-6.1% | $6,798-99.1% | $78-21.5% |