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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLOTTE, NC 28255 | Advisory (Participants) | $72,005 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $19,896 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $34,850 | $106,264-67.2% | $147,117-76.3% | $77,762-55.2% |
| Participation rate | 64.8% | 78.4%-13.7pp | 82.2%-17.4pp | 70.6%-5.8pp |
| Annual return | 16.28% | 56.94%-40.7pp | 420.54%-404.3pp | 31.27%-15.0pp |
| Employer contribution / active EE | $1,771 | $4,074-56.5% | $4,932-64.1% | $2,728-35.1% |
| Participant deferral / active EE | $3,231 | $8,003-59.6% | $8,065-59.9% | $4,651-30.5% |
| Admin fee / account holder | $171 | $334-48.8% | $12,993-98.7% | $433-60.5% |