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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH - EPS INC. Service code 26 · EIN 13-5674085 | Advisory (Participants) | $21,615 |
Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 150 N. COLLEGE ST. · CHARLOTTE, NC 28255 | Advisory (Participants) | $21,615 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $4,223 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $121,267 | $52,279+132.0% | $89,414+35.6% | $79,852+51.9% |
| Participation rate | 94.7% | 57.5%+37.2pp | 68.0%+26.8pp | 69.6%+25.1pp |
| Annual return | 15.38% | 22.16%-6.8pp | 245.50%-230.1pp | 31.72%-16.3pp |
| Employer contribution / active EE | $0 | $1,572-100.0% | $2,586-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $5,961 | $2,740+117.5% | $3,890+53.3% | $3,740+59.4% |
| Admin fee / account holder | $595 | $3,356-82.3% | $4,883-87.8% | $5,306-88.8% |