Filed October 16, 2015
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $71,030 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $24,360 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,763 | $65,592-27.2% | $90,160-47.0% | $69,631-31.4% |
| Participation rate | 37.2% | 77.6%-40.5pp | 76.9%-39.7pp | 70.7%-33.5pp |
| Annual return | 518.52% | 57.10%+461.4pp | 34.88%+483.6pp | 27571.02%-27052.5pp |
| Employer contribution / active EE | $1,571 | $2,193-28.4% | $3,318-52.7% | $2,032-22.7% |
| Participant deferral / active EE | $3,004 | $5,257-42.8% | $5,288-43.2% | $3,224-6.8% |
| Admin fee / account holder | $327 | $86+282.1% | $5,943-94.5% | $110+196.4% |