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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $78,598 |
ASCENSUS LLC5+ years Service code 15 · EIN 11-3665754 | Recordkeeping | $4,042 |
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).
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 | $50,302 | $86,692-42.0% | $119,634-58.0% | $66,949-24.9% |
| Participation rate | 52.1% | 75.6%-23.5pp | 79.3%-27.1pp | 69.8%-17.7pp |
| Annual return | -14.49% | -8.00%-6.5pp | -14.98%+0.5pp | 1.57%-16.1pp |
| Employer contribution / active EE | $586 | $2,536-76.9% | $4,232-86.2% | $2,545-77.0% |
| Participant deferral / active EE | $3,171 | $4,360-27.3% | $5,601-43.4% | $4,239-25.2% |
| Admin fee / account holder | $323 | $755-57.2% | $10,329-96.9% | $594-45.6% |