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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH - EPS Service code 26 · EIN 13-5674085 | Advisory (Participants) | $6,216 |
Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 | Advisory (Participants) | $6,216 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $844 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,594 | $50,919-30.1% | $155,556-77.1% | $77,762-54.2% |
| Participation rate | 23.5% | 63.1%-39.6pp | 78.2%-54.7pp | 70.6%-47.1pp |
| Annual return | 23.27% | 34.84%-11.6pp | 64.84%-41.6pp | 31.27%-8.0pp |
| Employer contribution / active EE | $0 | $1,991-100.0% | $4,675-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $2,562 | $2,824-9.3% | $5,631-54.5% | $4,651-44.9% |
| Admin fee / account holder | $301 | $437-31.1% | $15,885-98.1% | $433-30.5% |