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| Provider | Service type | Compensation |
|---|---|---|
PLANTE & MORAN, PLLC2 years Filed as: PLANTE MORAN Service code 50 27400 NORTHWESTERN HWY · SOUTHFIELD, MI 48037 | Direct Payment | $13,000 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $4,155 |
Annual investment return is in the bottom quintile of the peer cohort.
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,978 | $52,293-27.4% | $178,490-78.7% | $73,409-48.3% |
| Participation rate | 96.4% | 65.3%+31.1pp | 81.9%+14.5pp | 72.2%+24.3pp |
| Annual return | 6.62% | 34.75%-28.1pp | 151.07%-144.4pp | 59.29%-52.7pp |
| Employer contribution / active EE | $1,978 | $1,735+14.0% | $5,011-60.5% | $2,234-11.4% |
| Participant deferral / active EE | $1,676 | $2,332-28.1% | $5,202-67.8% | $3,805-56.0% |
| Admin fee / account holder | $27 | $127-78.7% | $13,984-99.8% | $158-82.8% |