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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $13,557 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $2,588 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $28,448 | $65,118-56.3% | $76,768-62.9% | $55,725-48.9% |
| Participation rate | 40.8% | 79.6%-38.8pp | 77.0%-36.2pp | 70.9%-30.0pp |
| Annual return | -7.67% | -1.27%-6.4pp | 2.43%-10.1pp | 244.93%-252.6pp |
| Employer contribution / active EE | $1,435 | $1,941-26.1% | $2,485-42.3% | $2,078-30.9% |
| Participant deferral / active EE | $3,058 | $3,688-17.1% | $3,852-20.6% | $3,356-8.9% |
| Admin fee / account holder | $16 | $116-85.8% | $6,675-99.8% | $115-85.7% |