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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLOTTE, NC 28202 | Advisory (Participants) | $30,870 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $6,528 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $32,149 | $72,303-55.5% | $86,691-62.9% | $64,814-50.4% |
| Participation rate | 59.4% | 80.4%-21.1pp | 76.6%-17.2pp | 71.5%-12.1pp |
| Annual return | -15.97% | 392.77%-408.7pp | 35.94%-51.9pp | 32.84%-48.8pp |
| Employer contribution / active EE | $809 | $2,393-66.2% | $2,837-71.5% | $2,507-67.7% |
| Participant deferral / active EE | $2,507 | $4,660-46.2% | $4,656-46.2% | $4,310-41.8% |
| Admin fee / account holder | $167 | $174-4.2% | $7,492-97.8% | $188-11.3% |