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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $168,709 |
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 | $52,972 | $89,274-40.7% | $149,721-64.6% | $77,958-32.1% |
| Participation rate | 68.5% | 87.6%-19.1pp | 87.1%-18.5pp | 71.6%-3.1pp |
| Annual return | 18.80% | 20.36%-1.6pp | 1501.67%-1482.9pp | 20.87%-2.1pp |
| Employer contribution / active EE | $1,267 | $3,727-66.0% | $5,444-76.7% | $2,310-45.2% |
| Participant deferral / active EE | $4,786 | $5,382-11.1% | $6,568-27.1% | $3,537+35.3% |
| Admin fee / account holder | $71 | $240-70.3% | $11,282-99.4% | $97-26.8% |