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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $333,450 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $124,906 | $122,128+2.3% | $147,080-15.1% | $199,960-37.5% |
| Participation rate | 96.7% | 78.2%+18.5pp | 82.2%+14.5pp | 72.0%+24.7pp |
| Annual return | 16.21% | 30.58%-14.4pp | 420.17%-404.0pp | 34.28%-18.1pp |
| Employer contribution / active EE | $6,981 | $4,093+70.6% | $4,933+41.5% | $3,036+130.0% |
| Participant deferral / active EE | $16,794 | $8,484+98.0% | $8,066+108.2% | $5,087+230.1% |
| Admin fee / account holder | $512 | $180+185.4% | $12,989-96.1% | $269+90.3% |