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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $13,361 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,109 | $85,635-75.3% | $123,894-83.0% | $63,975-67.0% |
| Participation rate | 37.1% | 74.9%-37.8pp | 81.4%-44.3pp | 71.1%-34.0pp |
| Annual return | 12.98% | 15.74%-2.8pp | 47.52%-34.5pp | 48.65%-35.7pp |
| Employer contribution / active EE | $767 | $3,076-75.1% | $4,617-83.4% | $2,182-64.9% |
| Participant deferral / active EE | $1,152 | $5,667-79.7% | $5,984-80.7% | $3,356-65.7% |
| Admin fee / account holder | $31 | $75-58.7% | $8,357-99.6% | $70-56.1% |