Filed January 9, 2025 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $7,478 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $18,667 | $56,503-67.0% | $69,890-73.3% | $64,824-71.2% |
| Participation rate | 61.7% | 70.5%-8.7pp | 70.5%-8.7pp | 71.5%-9.7pp |
| Annual return | 0.00% | -13.44%+13.4pp | 190.84%-190.8pp | 32.84%-32.8pp |
| Employer contribution / active EE | $1,480 | $2,046-27.7% | $2,560-42.2% | $2,507-41.0% |
| Participant deferral / active EE | $2,527 | $3,389-25.4% | $3,848-34.3% | $4,311-41.4% |
| Admin fee / account holder | $65 | $160-59.7% | $6,267-99.0% | $188-65.6% |