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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $83,383 |
ASCENSUS LLC4+ years Service code 15 · EIN 11-3665754 | Recordkeeping | $25,565 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,717 | $93,182-39.1% | $146,647-61.3% | $79,389-28.6% |
| Participation rate | 51.2% | 76.4%-25.2pp | 80.1%-28.9pp | 70.7%-19.5pp |
| Annual return | 14.45% | 21.61%-7.2pp | 22.75%-8.3pp | 116.89%-102.4pp |
| Employer contribution / active EE | $550 | $2,420-77.3% | $4,137-86.7% | $2,428-77.4% |
| Participant deferral / active EE | $2,839 | $4,169-31.9% | $5,506-48.4% | $4,046-29.8% |
| Admin fee / account holder | $417 | $585-28.6% | $10,281-95.9% | $626-33.4% |