Filed July 14, 2015 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $96,142 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $262,981 | $113,016+132.7% | $103,447+154.2% | $74,429+253.3% |
| Participation rate | 96.7% | 80.8%+16.0pp | 80.5%+16.2pp | 67.2%+29.5pp |
| Annual return | 15.47% | 23.24%-7.8pp | 23.92%-8.4pp | 1368.38%-1352.9pp |
| Employer contribution / active EE | $3,959 | $4,881-18.9% | $4,678-15.4% | $2,625+50.8% |
| Participant deferral / active EE | $8,604 | $7,279+18.2% | $6,624+29.9% | $4,348+97.9% |
| Admin fee / account holder | $697 | $1,709-59.2% | $9,415-92.6% | $1,944-64.2% |