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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $9,875 |
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $5,816 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,554 | $73,638-27.3% | $95,960-44.2% | $73,493-27.1% |
| Participation rate | 42.3% | 76.2%-33.8pp | 77.1%-34.8pp | 70.7%-28.4pp |
| Annual return | 30.84% | 16.78%+14.1pp | 91.63%-60.8pp | 28.51%+2.3pp |
| Employer contribution / active EE | $1,003 | $1,863-46.2% | $2,541-60.5% | $2,270-55.8% |
| Participant deferral / active EE | $1,687 | $3,617-53.4% | $4,167-59.5% | $3,740-54.9% |
| Admin fee / account holder | $227 | $482-53.0% | $6,797-96.7% | $513-55.8% |