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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 | $950 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $69,254 | $106,230-34.8% | $147,080-52.9% | $77,736-10.9% |
| Participation rate | 65.8% | 78.4%-12.5pp | 82.2%-16.3pp | 70.6%-4.7pp |
| Annual return | 14.27% | 56.91%-42.6pp | 420.17%-405.9pp | 31.26%-17.0pp |
| Employer contribution / active EE | $2,740 | $4,072-32.7% | $4,933-44.5% | $2,728+0.5% |
| Participant deferral / active EE | $9,609 | $8,001+20.1% | $8,066+19.1% | $4,651+106.6% |
| Admin fee / account holder | $128 | $338-62.1% | $12,989-99.0% | $433-70.4% |