Filed September 16, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH CONSULTING SERVICES Service code 70 · EIN 94-1687665 | Consulting Fees | $37,500 |
PLANTE & MORAN, PLLC1+ years Filed as: PLANTE MORAN Service code 10 2601 CAMBRIDGE COURT · AUBURN HILLS, MI 48326 | Accounting | $14,200 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $3,675 |
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.
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 | $59,864 | $71,957-16.8% | $67,652-11.5% | $59,188+1.1% |
| Participation rate | 65.0% | 82.7%-17.7pp | 75.7%-10.7pp | 69.4%-4.4pp |
| Annual return | 1.04% | 8.53%-7.5pp | 6625.40%-6624.4pp | 5.51%-4.5pp |
| Employer contribution / active EE | $716 | $2,432-70.5% | $2,266-68.4% | $2,098-65.9% |
| Participant deferral / active EE | $5,187 | $4,211+23.2% | $3,560+45.7% | $3,265+58.9% |
| Admin fee / account holder | $51 | $64-20.2% | $4,821-98.9% | $92-44.5% |