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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $128,305 |
HEARD MCELROY & VESTAL, LLC6 years Filed as: HEARD, MCELROY & VESTAL, LLC Service code 70 PO BOX 1607 · SHREVEPORT, LA 71165 | Consulting Fees | $17,000 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $167,733 | $82,979+102.1% | $102,383+63.8% | $77,714+115.8% |
| Participation rate | 18.5% | 71.5%-53.0pp | 74.5%-56.0pp | 70.6%-52.1pp |
| Annual return | 11.05% | 19.11%-8.1pp | 24.94%-13.9pp | 31.26%-20.2pp |
| Employer contribution / active EE | $2,238 | $3,554-37.0% | $3,870-42.2% | $2,727-17.9% |
| Participant deferral / active EE | $1,465 | $4,109-64.3% | $5,060-71.0% | $4,649-68.5% |
| Admin fee / account holder | $805 | $639+26.1% | $8,391-90.4% | $433+85.8% |