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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH - EPS Service code 26 · EIN 13-5674085 | Advisory (Participants) | $4,186 |
Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 | Advisory (Participants) | $4,186 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $563 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,803 | $47,135-41.0% | $149,717-81.4% | $74,440-62.7% |
| Participation rate | 23.0% | 63.4%-40.4pp | 78.8%-55.8pp | 70.7%-47.8pp |
| Annual return | 21.93% | 22.75%-0.8pp | 134.41%-112.5pp | 34.37%-12.4pp |
| Employer contribution / active EE | $0 | $1,906-100.0% | $4,820-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $2,323 | $2,728-14.9% | $5,682-59.1% | $4,529-48.7% |
| Admin fee / account holder | $209 | $343-38.9% | $13,213-98.4% | $348-39.8% |