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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $32,574 |
Filed as: MERRILL LYNCH Service code 26 150 N. COLLEGE ST. · CHARLOTTE, NC 28202 | Advisory (Participants) | $28,314 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,920 | $129,227-74.5% | $184,256-82.1% | $77,762-57.7% |
| Participation rate | 66.0% | 87.4%-21.4pp | 86.8%-20.9pp | 70.6%-4.6pp |
| Annual return | 24.47% | 33.24%-8.8pp | 28.85%-4.4pp | 31.27%-6.8pp |
| Employer contribution / active EE | $1,852 | $4,412-58.0% | $6,427-71.2% | $2,728-32.1% |
| Participant deferral / active EE | $4,047 | $7,307-44.6% | $9,133-55.7% | $4,651-13.0% |
| Admin fee / account holder | $297 | $256+16.0% | $13,899-97.9% | $433-31.5% |