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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $32,709 |
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $16,387 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,543 | $85,515-42.1% | $112,040-55.8% | $67,986-27.1% |
| Participation rate | 65.1% | 68.2%-3.1pp | 76.5%-11.4pp | 57.2%+7.9pp |
| Annual return | 15.08% | 29.68%-14.6pp | 24.52%-9.4pp | 31.67%-16.6pp |
| Employer contribution / active EE | $1,923 | $2,191-12.2% | $2,954-34.9% | $2,019-4.7% |
| Participant deferral / active EE | $2,986 | $4,014-25.6% | $5,098-41.4% | $3,358-11.1% |
| Admin fee / account holder | $373 | $3,774-90.1% | $12,098-96.9% | $3,203-88.4% |