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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $92,847 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,966 | $81,948-67.1% | $90,760-70.3% | $64,819-58.4% |
| Participation rate | 45.4% | 80.5%-35.1pp | 75.7%-30.3pp | 71.5%-26.1pp |
| Annual return | -16.33% | -12.53%-3.8pp | -12.16%-4.2pp | 32.84%-49.2pp |
| Employer contribution / active EE | $1,154 | $3,067-62.4% | $2,922-60.5% | $2,507-54.0% |
| Participant deferral / active EE | $1,880 | $4,844-61.2% | $4,565-58.8% | $4,311-56.4% |
| Admin fee / account holder | $189 | $157+20.4% | $8,444-97.8% | $188+0.7% |