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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $235,128 |
Service code 70 · EIN 36-4291971 | Consulting Fees | $65,000 |
GRANT THORNTON LLP5 years Service code 70 27777 FRANKLIN ROAD · SOUTHFIELD, MI 48034 | Consulting Fees | $23,625 |
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.
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 | $93,698 | $110,258-15.0% | $102,460-8.6% | $200,096-53.2% |
| Participation rate | 65.8% | 86.3%-20.5pp | 76.5%-10.7pp | 72.0%-6.2pp |
| Annual return | 12.64% | 35.78%-23.1pp | 29.47%-16.8pp | 34.26%-21.6pp |
| Employer contribution / active EE | $1,270 | $3,605-64.8% | $3,025-58.0% | $3,038-58.2% |
| Participant deferral / active EE | $4,668 | $6,377-26.8% | $5,056-7.7% | $5,090-8.3% |
| Admin fee / account holder | $102 | $122-16.4% | $9,460-98.9% | $269-62.0% |