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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 150 N COLLEGE ST · CHARLOTTE, NC 28255 | Advisory (Participants) | $16,631 |
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $706 |
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.
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 | $48,454 | $80,781-40.0% | $102,437-52.7% | $74,478-34.9% |
| Participation rate | 61.0% | 65.7%-4.7pp | 74.5%-13.5pp | 67.2%-6.2pp |
| Annual return | 12.40% | 27.58%-15.2pp | 24.95%-12.6pp | 1370.56%-1358.2pp |
| Employer contribution / active EE | $537 | $3,160-83.0% | $3,871-86.1% | $2,626-79.6% |
| Participant deferral / active EE | $3,020 | $3,862-21.8% | $5,060-40.3% | $4,350-30.6% |
| Admin fee / account holder | $330 | $2,372-86.1% | $8,388-96.1% | $1,946-83.0% |