Filed April 22, 2016
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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $75,595 |
BDO USA, LLP9 years Filed as: BDO Service code 10 · EIN 13-5381590 | Accounting | $35,605 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $103,953 | $55,457+87.4% | $76,119+36.6% | $77,736+33.7% |
| Participation rate | 91.3% | 63.6%+27.7pp | 69.1%+22.2pp | 70.6%+20.7pp |
| Annual return | 10.37% | 17.09%-6.7pp | 361.25%-350.9pp | 31.26%-20.9pp |
| Employer contribution / active EE | $9,925 | $1,792+453.8% | $2,693+268.6% | $2,728+263.8% |
| Participant deferral / active EE | $6,452 | $3,454+86.8% | $4,259+51.5% | $4,651+38.7% |
| Admin fee / account holder | $336 | $411-18.2% | $6,421-94.8% | $433-22.5% |