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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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $70,012 | $88,122-20.6% | $141,177-50.4% | $67,579+3.6% |
| Participation rate | 39.7% | 76.5%-36.8pp | 82.5%-42.8pp | 71.3%-31.6pp |
| Annual return | 21.28% | 75.40%-54.1pp | 71.40%-50.1pp | 378.56%-357.3pp |
| Employer contribution / active EE | $929 | $3,224-71.2% | $4,736-80.4% | $2,148-56.7% |
| Participant deferral / active EE | $4,123 | $5,958-30.8% | $6,710-38.6% | $3,539+16.5% |
| Admin fee / account holder | $213 | $131+62.8% | $10,263-97.9% | $142+49.8% |