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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $281,145 |
Filed as: GALLAGHER BENEFIT SERVICES, INC Service code 70 2850 WEST GOLD ROAD, 5TH FLOOR · ROLLING MEADOWS, IL 60008 | Consulting Fees | $61,750 |
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 | $64,729 | $117,238-44.8% | $87,102-25.7% | $82,204-21.3% |
| Participation rate | 66.6% | 87.2%-20.6pp | 76.9%-10.2pp | 73.4%-6.8pp |
| Annual return | 20.79% | 25.80%-5.0pp | 28.19%-7.4pp | 26.31%-5.5pp |
| Employer contribution / active EE | $987 | $3,535-72.1% | $2,521-60.9% | $2,707-63.5% |
| Participant deferral / active EE | $3,913 | $5,976-34.5% | $4,048-3.3% | $4,246-7.8% |
| Admin fee / account holder | $84 | $81+3.5% | $7,493-98.9% | $76+11.3% |