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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $12,995 |
ASCENSUS LLC3+ years Service code 15 · EIN 11-3665754 | Recordkeeping | $10,762 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,976 | $81,494-39.9% | $133,978-63.4% | $73,497-33.4% |
| Participation rate | 50.3% | 76.4%-26.1pp | 79.8%-29.5pp | 70.7%-20.4pp |
| Annual return | 8.36% | 19.40%-11.0pp | 45.10%-36.7pp | 28.51%-20.2pp |
| Employer contribution / active EE | $511 | $2,210-76.9% | $3,919-87.0% | $2,270-77.5% |
| Participant deferral / active EE | $2,693 | $3,787-28.9% | $5,047-46.6% | $3,740-28.0% |
| Admin fee / account holder | $89 | $713-87.5% | $8,930-99.0% | $513-82.7% |