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| Provider | Service type | Compensation |
|---|---|---|
MERCER1+ years Service code 70 PO BOX 13793 · NEWARK, NJ 07188 | Consulting Fees | $148,419 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $8,674 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $141,541 | $68,413+106.9% | $123,105+15.0% | $55,191+156.5% |
| Participation rate | 98.6% | 84.5%+14.1pp | 86.8%+11.8pp | 69.2%+29.5pp |
| Annual return | 0.66% | 6.30%-5.6pp | 13.22%-12.6pp | 10.78%-10.1pp |
| Employer contribution / active EE | $6,670 | $3,050+118.7% | $5,151+29.5% | $1,899+251.3% |
| Participant deferral / active EE | $9,463 | $4,490+110.7% | $6,229+51.9% | $3,046+210.6% |
| Admin fee / account holder | $321 | $88+265.2% | $9,014-96.4% | $91+253.3% |