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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $15,468 |
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $9,881 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $83,531 | $81,494+2.5% | $133,978-37.7% | $73,497+13.7% |
| Participation rate | 57.5% | 76.4%-18.9pp | 79.8%-22.3pp | 70.7%-13.2pp |
| Annual return | 13.50% | 19.40%-5.9pp | 45.10%-31.6pp | 28.51%-15.0pp |
| Employer contribution / active EE | $1,005 | $2,210-54.5% | $3,919-74.3% | $2,270-55.7% |
| Participant deferral / active EE | $3,231 | $3,787-14.7% | $5,047-36.0% | $3,740-13.6% |
| Admin fee / account holder | $334 | $713-53.2% | $8,930-96.3% | $513-35.0% |