Filed January 9, 2025
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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $12,049 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,747 | $76,209-82.0% | $81,370-83.1% | $200,096-93.1% |
| Participation rate | 85.4% | 76.4%+9.0pp | 69.5%+15.8pp | 72.0%+13.4pp |
| Annual return | 12.38% | 15.55%-3.2pp | 24.85%-12.5pp | 34.26%-21.9pp |
| Employer contribution / active EE | $1,239 | $2,807-55.9% | $2,464-49.7% | $3,038-59.2% |
| Participant deferral / active EE | $1,834 | $4,210-56.4% | $3,885-52.8% | $5,090-64.0% |
| Admin fee / account holder | $9 | $146-93.5% | $5,749-99.8% | $269-96.5% |