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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $14,000 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $8,331 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $38,369 | $80,354-52.3% | $133,975-71.4% | $63,975-40.0% |
| Participation rate | 65.7% | 87.5%-21.8pp | 87.1%-21.4pp | 71.1%-5.5pp |
| Annual return | 10.09% | 13.11%-3.0pp | 29.29%-19.2pp | 48.65%-38.6pp |
| Employer contribution / active EE | $935 | $3,503-73.3% | $5,211-82.1% | $2,182-57.2% |
| Participant deferral / active EE | $3,672 | $5,239-29.9% | $6,282-41.5% | $3,356+9.4% |
| Admin fee / account holder | $51 | $69-26.3% | $9,324-99.5% | $70-27.5% |