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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $25,247 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $6,017 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,636 | $59,584-4.9% | $86,625-34.6% | $79,389-28.7% |
| Participation rate | 20.6% | 67.7%-47.0pp | 71.6%-51.0pp | 70.7%-50.1pp |
| Annual return | 14.11% | 23.15%-9.0pp | 63.52%-49.4pp | 116.89%-102.8pp |
| Employer contribution / active EE | $0 | $1,768-100.0% | $2,496-100.0% | $2,428-100.0% |
| Participant deferral / active EE | $559 | $3,036-81.6% | $3,700-84.9% | $4,046-86.2% |
| Admin fee / account holder | $393 | $604-34.9% | $5,830-93.3% | $626-37.2% |