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| Provider | Service type | Compensation |
|---|---|---|
MERRIL LYNCH2 years Service code 26 150 N. COLLEGE ST · CHARLOTTE, NC 28202 | Advisory (Participants) | $9,241 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $734 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,963 | $79,438-64.8% | $106,551-73.8% | $79,393-64.8% |
| Participation rate | 37.1% | 74.2%-37.1pp | 76.1%-39.0pp | 70.7%-33.6pp |
| Annual return | 12.16% | 18.27%-6.1pp | 26.80%-14.6pp | 116.87%-104.7pp |
| Employer contribution / active EE | $913 | $2,235-59.1% | $2,819-67.6% | $2,428-62.4% |
| Participant deferral / active EE | $1,658 | $3,824-56.6% | $4,398-62.3% | $4,046-59.0% |
| Admin fee / account holder | $322 | $523-38.5% | $7,408-95.7% | $627-48.7% |