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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $14,170 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $9,818 |
Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $6,110 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $15,664 | $88,203-82.2% | $165,100-90.5% | $74,478-79.0% |
| Participation rate | 68.0% | 73.1%-5.1pp | 78.6%-10.6pp | 67.2%+0.8pp |
| Annual return | 14.17% | 17.13%-3.0pp | 70.21%-56.0pp | 1370.56%-1356.4pp |
| Employer contribution / active EE | $411 | $2,601-84.2% | $4,348-90.6% | $2,626-84.4% |
| Participant deferral / active EE | $1,414 | $4,505-68.6% | $6,035-76.6% | $4,350-67.5% |
| Admin fee / account holder | $140 | $2,235-93.7% | $12,696-98.9% | $1,946-92.8% |