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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $243,286 |
Service code 70 · EIN 36-4291971 | Consulting Fees | $65,000 |
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 | $82,059 | $104,544-21.5% | $96,564-15.0% | $80,187+2.3% |
| Participation rate | 67.0% | 86.4%-19.4pp | 76.0%-9.0pp | 72.9%-6.0pp |
| Annual return | 17.12% | 21.79%-4.7pp | 25.89%-8.8pp | 40.40%-23.3pp |
| Employer contribution / active EE | $1,237 | $3,527-64.9% | $2,967-58.3% | $2,980-58.5% |
| Participant deferral / active EE | $4,516 | $6,170-26.8% | $4,852-6.9% | $5,016-10.0% |
| Admin fee / account holder | $77 | $107-28.2% | $8,256-99.1% | $145-47.1% |