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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $9,045 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $2,664 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,249 | $69,305-54.9% | $82,312-62.0% | $69,631-55.1% |
| Participation rate | 44.1% | 80.3%-36.2pp | 76.9%-32.8pp | 70.7%-26.6pp |
| Annual return | 97.23% | 21.47%+75.8pp | 25.88%+71.4pp | 27571.02%-27473.8pp |
| Employer contribution / active EE | $1,650 | $1,887-12.5% | $2,428-32.1% | $2,032-18.8% |
| Participant deferral / active EE | $3,154 | $3,568-11.6% | $3,706-14.9% | $3,224-2.2% |
| Admin fee / account holder | $18 | $97-81.9% | $5,608-99.7% | $110-84.1% |