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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $2,461 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $48,650 | $62,324-21.9% | $68,509-29.0% | $55,191-11.9% |
| Participation rate | 66.5% | 78.9%-12.4pp | 74.7%-8.3pp | 69.2%-2.7pp |
| Annual return | 0.13% | 4.26%-4.1pp | 8.27%-8.1pp | 10.78%-10.6pp |
| Employer contribution / active EE | $0 | $2,223-100.0% | $2,278-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $2,484 | $3,425-27.5% | $3,382-26.6% | $3,046-18.5% |
| Admin fee / account holder | $4 | $91-96.2% | $5,275-99.9% | $91-96.1% |