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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $9,050 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $49,961 | $22,291+124.1% | $69,182-27.8% | $63,975-21.9% |
| Participation rate | 15.7% | 35.3%-19.6pp | 55.1%-39.4pp | 71.1%-55.5pp |
| Annual return | 5.17% | 9.30%-4.1pp | -21.93%+27.1pp | 48.65%-43.5pp |
| Employer contribution / active EE | $0 | $325-99.9% | $1,206-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $265 | $808-67.2% | $1,897-86.0% | $3,356-92.1% |
| Admin fee / account holder | $24 | $73-66.8% | $2,697-99.1% | $70-65.5% |