Retirement plan

MERRILL CORPORATION 401(K) INCENTIVE SAVINGS PLAN

Name: MERRILL COMMUNICATIONS LLC - MERRILL CORPORATION 401(K) INCENTIVE SAVINGS PLAN (2019) Form 5500
Creator: MERRILL COMMUNICATIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERRILL CORPORATION 401(K) INCENTIVE SAVINGS PLAN, MERRILL COMMUNICATIONS LLC

MERRILL COMMUNICATIONS LLCEIN 41-2007271Plan #002PY 2019

ONE MERRILL CIRCLE - ST. PAUL, MN 55108651-646-4501datasite.comLinkedIn1001-5000 employeescomputer software

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$36.7M

-90.4% from 2018

Total participants

526

-81.4% from 2018

Average account balance

$87,058

-42.4% from 2018

Annual return

-86.23%

-109.01 pp from 2018

Benchmarks

See 1,163 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,163 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$120.67M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$133K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

910

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.84%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$47

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: ADVANCED CAPITAL GROUP Service code 16 · EIN 41-1921960	Consulting	$19,162
LURIE, LLP1 year Filed as: LURIE LLP Service code 16 · EIN 41-0721734	Consulting	$15,100
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	-$240,439

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$141K

$282 / participant

Other / not subdivided$141K100.0%

% of EOY assets

0.385%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LURIE LLP
Auditor EIN: 410721734
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,058

$74,347+17.1%

$93,621-7.0%

$67,582+28.8%

Participation rate

79.3%

80.6%-1.3pp

75.8%+3.4pp

71.3%+8.0pp

Annual return

-86.23%

28.07%-114.3pp

32.76%-119.0pp

378.57%-464.8pp

Employer contribution / active EE

$9,710

$2,583+275.9%

$2,719+257.2%

$2,148+352.1%

Participant deferral / active EE

$20,811

$4,060+412.6%

$4,070+411.4%

$3,539+488.0%

Admin fee / account holder

$335

$123+173.1%

$7,890-95.8%

$142+135.4%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: ADVANCED CAPITAL GROUP

Service code 16 · EIN 41-1921960

Consulting

$19,162

LURIE, LLP1 year

Filed as: LURIE LLP

Service code 16 · EIN 41-0721734

Consulting

$15,100

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$240,439

MERRILL CORPORATION 401(K) INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERRILL CORPORATION 401(K) INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion