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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $272,186 |
Filed as: GALLAGHER BENEFIT SERVICES, INC Service code 70 2850 WEST GOLD ROAD, 5TH FLOOR · ROLLING MEADOWS, IL 60008 | Consulting Fees | $65,000 |
GRANT THORNTON LLP1 year Service code 70 27777 FRANKLIN ROAD · SOUTHFIELD, MI 48034 | Consulting Fees | $21,105 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 70 C/O GALLAGHER RETIREMENT SERVICES · WHITE PLAINS, NY 10604 | Consulting Fees | $16,250 |
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 | $76,530 | $176,471-56.6% | $95,968-20.3% | $90,274-15.2% |
| Participation rate | 66.8% | 86.6%-19.7pp | 77.1%-10.3pp | 73.4%-6.5pp |
| Annual return | 14.89% | 20.15%-5.3pp | 91.65%-76.8pp | 53.97%-39.1pp |
| Employer contribution / active EE | $433 | $2,783-84.4% | $2,542-83.0% | $2,523-82.8% |
| Participant deferral / active EE | $3,873 | $5,325-27.3% | $4,167-7.0% | $4,231-8.4% |
| Admin fee / account holder | $95 | $154-38.4% | $6,798-98.6% | $114-16.7% |