Filed December 16, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $286,438 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $156,603 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,222 | $41,510+30.6% | $84,966-36.2% | $99,062-45.3% |
| Participation rate | 39.7% | 35.3%+4.4pp | 67.5%-27.8pp | 71.6%-31.9pp |
| Annual return | 18.57% | 17.38%+1.2pp | 66.38%-47.8pp | 17.66%+0.9pp |
| Employer contribution / active EE | $214 | $1,137-81.2% | $2,727-92.2% | $3,262-93.4% |
| Participant deferral / active EE | $4,860 | $2,246+116.3% | $4,519+7.5% | $5,331-8.8% |
| Admin fee / account holder | $109 | $175-37.8% | $6,149-98.2% | $109+0.1% |