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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $20,150 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
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 | $50,762 | $54,590-7.0% | $81,726-37.9% | $73,497-30.9% |
| Participation rate | 20.0% | 68.3%-48.3pp | 72.0%-52.0pp | 70.7%-50.7pp |
| Annual return | 17.16% | 17.74%-0.6pp | 29.49%-12.3pp | 28.51%-11.4pp |
| Employer contribution / active EE | $0 | $1,636-100.0% | $4,311-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $444 | $2,759-83.9% | $7,108-93.8% | $3,740-88.1% |
| Admin fee / account holder | $326 | $592-45.0% | $5,160-93.7% | $513-36.5% |