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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $18,838 |
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $520 |
Annual investment return 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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $16,600 | $57,108-70.9% | $94,229-82.4% | $52,331-68.3% |
| Participation rate | 82.6% | 72.9%+9.7pp | 78.8%+3.8pp | 68.1%+14.5pp |
| Annual return | -3.16% | 1.47%-4.6pp | 10.68%-13.8pp | 4.54%-7.7pp |
| Employer contribution / active EE | $1,056 | $1,735-39.1% | $3,587-70.6% | $1,882-43.9% |
| Participant deferral / active EE | $3,028 | $3,040-0.4% | $4,320-29.9% | $3,022+0.2% |
| Admin fee / account holder | $4 | $546-99.3% | $6,269-99.9% | $592-99.4% |