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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $23,848 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $4,325 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $50,869 | $65,376-22.2% | $87,104-41.6% | $65,185-22.0% |
| Participation rate | 69.1% | 75.3%-6.3pp | 76.9%-7.8pp | 70.2%-1.1pp |
| Annual return | 19.52% | 31.27%-11.8pp | 28.19%-8.7pp | 29.38%-9.9pp |
| Employer contribution / active EE | $477 | $1,822-73.8% | $2,521-81.1% | $2,177-78.1% |
| Participant deferral / active EE | $2,019 | $3,388-40.4% | $4,048-50.1% | $3,514-42.5% |
| Admin fee / account holder | $31 | $520-94.0% | $7,491-99.6% | $847-96.3% |