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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BANCO POPULAR DE PR Service code 50 TRUST DIVISION 725 · SAN JUAN, PR 009362708 | Direct Payment | $62,733 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $12,478 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $28,192 | $136,266-79.3% | $90,767-68.9% | $77,906-63.8% |
| Participation rate | 76.3% | 86.6%-10.4pp | 75.7%+0.6pp | 73.7%+2.6pp |
| Annual return | -14.26% | -11.32%-2.9pp | -12.16%-2.1pp | 12.16%-26.4pp |
| Employer contribution / active EE | $5,254 | $4,215+24.7% | $2,922+79.8% | $2,846+84.6% |
| Participant deferral / active EE | $4,469 | $6,353-29.7% | $4,565-2.1% | $4,805-7.0% |
| Admin fee / account holder | $82 | $399-79.5% | $8,445-99.0% | $133-38.3% |