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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 50 1033 SKOKIE BLVD. · NORTHBROOK, IL 60062 | Direct Payment | $59,431 |
HOWARD SIMON & ASSOCIATES, INC.4+ years Service code 15 304 SAUNDERS ROAD · RIVERWOODS, IL 60015 | Recordkeeping | $44,887 |
Filed as: CHARLES SCHWAB BANK Service code 50 · EIN 42-1558009 | Direct Payment | $4,785 |
Service code 51 · EIN 94-1737782 | Investment Mgmt Fees | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $289,568 | $73,102+296.1% | $123,552+134.4% | $56,287+414.4% |
| Participation rate | 93.5% | 74.3%+19.2pp | 82.3%+11.3pp | 69.9%+23.7pp |
| Annual return | -5.14% | 3.01%-8.1pp | 119.20%-124.3pp | -9.96%+4.8pp |
| Employer contribution / active EE | $0 | $2,977-100.0% | $4,628-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $15,491 | $5,423+185.7% | $6,426+141.1% | $3,350+362.4% |
| Admin fee / account holder | $678 | $554+22.4% | $9,285-92.7% | $521+30.1% |