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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,222 | $41,040+32.1% | $85,126-36.3% | $99,269-45.4% |
| Participation rate | 39.7% | 34.4%+5.3pp | 67.5%-27.9pp | 71.7%-32.0pp |
| Annual return | 18.57% | 17.44%+1.1pp | 66.63%-48.1pp | 17.66%+0.9pp |
| Employer contribution / active EE | $214 | $1,106-80.7% | $2,731-92.2% | $3,265-93.5% |
| Participant deferral / active EE | $4,860 | $2,193+121.6% | $4,523+7.4% | $5,344-9.1% |
| Admin fee / account holder | $109 | $177-38.4% | $6,160-98.2% | $109-0.1% |