Filed October 8, 2025
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTAL LIFE INSUR. CO. Service code 49 · EIN 04-1590850 | Other Services | $100,047 |
Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085 1400 MERRILL LYNCH DR · PENNINGTON, NJ 08534 | Advisory (Plan) | $39,503 |
FRAZIER & DEETER, LLC1 year Service code 10 · EIN 58-1433845 1230 PEACHTREE STREET NE · ATLANTA, GA 30309 | Accounting | $10,000 |
PENSION ASSURANCE LLP4+ years Filed as: THE PENSION STUDIO Service code 13 · EIN 54-2154380 1226 OMAR ROAD · WEST PALM BEACH, FL 33405 | Contract Administrator | $950 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $115,522 | $75,388+53.2% | $123,552-6.5% | $55,725+107.3% |
| Participation rate | 69.6% | 75.7%-6.1pp | 82.3%-12.7pp | 70.9%-1.2pp |
| Annual return | -3.33% | 4.48%-7.8pp | 119.20%-122.5pp | 244.93%-248.3pp |
| Employer contribution / active EE | $849 | $3,063-72.3% | $4,628-81.7% | $2,078-59.1% |
| Participant deferral / active EE | $5,822 | $5,651+3.0% | $6,426-9.4% | $3,356+73.5% |
| Admin fee / account holder | $548 | $120+357.4% | $9,285-94.1% | $115+375.6% |