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 | $87,218 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $183,824 | $99,016+85.7% | $93,759+96.1% | $66,938+174.6% |
| Participation rate | 98.4% | 82.1%+16.3pp | 81.0%+17.4pp | 69.8%+28.6pp |
| Annual return | -18.95% | -14.59%-4.4pp | -11.33%-7.6pp | 1.58%-20.5pp |
| Employer contribution / active EE | $3,638 | $4,769-23.7% | $4,324-15.9% | $2,545+42.9% |
| Participant deferral / active EE | $7,864 | $6,689+17.6% | $6,096+29.0% | $4,238+85.5% |
| Admin fee / account holder | $614 | $477+28.7% | $7,197-91.5% | $594+3.5% |