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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $67,086 | $80,177-16.3% | $123,894-45.9% | $57,658+16.4% |
| Participation rate | 29.6% | 74.4%-44.9pp | 81.4%-51.8pp | 70.2%-40.7pp |
| Annual return | 6.63% | 17.90%-11.3pp | 47.52%-40.9pp | 5.13%+1.5pp |
| Employer contribution / active EE | $721 | $2,913-75.2% | $4,617-84.4% | $1,974-63.5% |
| Participant deferral / active EE | $3,459 | $5,130-32.6% | $5,984-42.2% | $3,061+13.0% |
| Admin fee / account holder | $370 | $106+247.6% | $8,357-95.6% | $95+290.9% |