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 | $85,792 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $224,950 | $101,955+120.6% | $112,899+99.3% | $71,495+214.6% |
| Participation rate | 97.5% | 82.1%+15.4pp | 80.5%+17.0pp | 67.9%+29.6pp |
| Annual return | 20.45% | 28.92%-8.5pp | 34.11%-13.7pp | 28.85%-8.4pp |
| Employer contribution / active EE | $3,706 | $4,743-21.9% | $4,566-18.9% | $2,589+43.1% |
| Participant deferral / active EE | $8,109 | $6,771+19.8% | $6,516+24.5% | $4,291+89.0% |
| Admin fee / account holder | $617 | $1,395-55.8% | $7,047-91.2% | $1,588-61.1% |