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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $16,598 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 36-6071399 | Recordkeeping | $11,507 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,756 | $50,902-86.7% | $155,534-95.7% | $77,736-91.3% |
| Participation rate | 31.2% | 63.1%-31.9pp | 78.2%-47.0pp | 70.6%-39.4pp |
| Annual return | 27.67% | 34.85%-7.2pp | 64.92%-37.2pp | 31.26%-3.6pp |
| Employer contribution / active EE | $9 | $1,991-99.6% | $4,675-99.8% | $2,728-99.7% |
| Participant deferral / active EE | $1,490 | $2,824-47.2% | $5,630-73.5% | $4,651-68.0% |
| Admin fee / account holder | $85 | $437-80.4% | $15,900-99.5% | $433-80.3% |