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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $28,109 |
Filed as: MERRILL LYNCH Service code 26 150 N. COLLEGE STREET · CHARLOTTE, NC 28202 | Advisory (Participants) | $9,691 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $8,860 | $84,784-89.5% | $98,461-91.0% | $74,460-88.1% |
| Participation rate | 100.0% | 81.5%+18.5pp | 75.2%+24.8pp | 70.7%+29.3pp |
| Annual return | 25.82% | 20.59%+5.2pp | 21.17%+4.7pp | 34.38%-8.6pp |
| Employer contribution / active EE | $1,451 | $3,364-56.9% | $3,049-52.4% | $2,638-45.0% |
| Participant deferral / active EE | $3,405 | $5,218-34.7% | $4,738-28.1% | $4,530-24.8% |
| Admin fee / account holder | $82 | $204-60.1% | $8,961-99.1% | $348-76.5% |