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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $111,622 |
HEARD MCELROY & VESTAL, LLC4 years Filed as: HEARD, MCELROY & VESTAL, LLC Service code 10 PO BOX 1607 · SHREVEPORT, LA 71165 | Accounting | $18,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $132,271 | $64,176+106.1% | $112,249+17.8% | $66,938+97.6% |
| Participation rate | 57.7% | 68.4%-10.7pp | 75.1%-17.3pp | 69.8%-12.1pp |
| Annual return | -12.30% | -13.80%+1.5pp | 27.48%-39.8pp | 1.58%-13.9pp |
| Employer contribution / active EE | $3,323 | $3,007+10.5% | $3,636-8.6% | $2,545+30.6% |
| Participant deferral / active EE | $4,751 | $3,694+28.6% | $4,729+0.5% | $4,238+12.1% |
| Admin fee / account holder | $821 | $626+31.2% | $6,412-87.2% | $594+38.3% |