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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH - EPS Service code 26 · EIN 13-5674085 150 N COLLEGE ST · CHARLOTTE, NC 28202 | Advisory (Participants) | $7,241 |
Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 150 N COLLEGE ST · CHARLOTTE, NC 28202 | Advisory (Participants) | $7,241 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $250 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,538 | $61,166-56.6% | $185,849-85.7% | $79,391-66.6% |
| Participation rate | 65.7% | 66.6%-0.9pp | 81.7%-16.0pp | 70.7%-5.0pp |
| Annual return | 18.27% | 19.45%-1.2pp | 122.10%-103.8pp | 116.88%-98.6pp |
| Employer contribution / active EE | $864 | $2,321-62.8% | $5,169-83.3% | $2,428-64.4% |
| Participant deferral / active EE | $2,516 | $2,789-9.8% | $5,569-54.8% | $4,046-37.8% |
| Admin fee / account holder | $309 | $710-56.5% | $16,244-98.1% | $627-50.7% |