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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $1,650 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,474 | $47,898+28.3% | $117,533-47.7% | $64,819-5.2% |
| Participation rate | 45.9% | 61.9%-16.0pp | 70.6%-24.7pp | 71.5%-25.5pp |
| Annual return | -13.62% | -15.54%+1.9pp | 29.77%-43.4pp | 32.84%-46.5pp |
| Employer contribution / active EE | $1,302 | $1,774-26.6% | $4,179-68.8% | $2,507-48.0% |
| Participant deferral / active EE | $5,402 | $3,151+71.5% | $4,072+32.7% | $4,311+25.3% |
| Admin fee / account holder | $6 | $132-95.5% | $5,647-99.9% | $188-96.8% |