Filed August 12, 2022 (most recent of 100 filings on file)
Total covered: 3,111 employees
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $1,594,946 |
WARREN AVERETT, LLC5 years Filed as: WARREN AVERETT LLC Service code 50 · EIN 45-4084437 | Direct Payment | $32,500 |
Service code 70 · EIN 36-4291971 | Consulting Fees | $30,000 |
MERCER7 years Service code 70 · EIN 04-2647786 | Consulting Fees | $7,500 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $266,861 | $106,553+150.4% | $103,065+158.9% | $106,553+150.4% |
| Participation rate | 97.3% | 69.8%+27.5pp | 80.6%+16.7pp | 69.8%+27.5pp |
| Annual return | 16.18% | 17.37%-1.2pp | 23.95%-7.8pp | 17.37%-1.2pp |
| Employer contribution / active EE | $4,817 | $3,359+43.4% | $4,675+3.0% | $3,359+43.4% |
| Participant deferral / active EE | $10,152 | $5,562+82.5% | $6,625+53.2% | $5,562+82.5% |
| Admin fee / account holder | $48 | $80-40.0% | $9,349-99.5% | $80-40.0% |