Filed May 7, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $9,206 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $41,255 | $29,516+39.8% | $77,513-46.8% | $90,274-54.3% |
| Participation rate | 17.8% | 33.7%-15.9pp | 54.2%-36.4pp | 73.4%-55.6pp |
| Annual return | 15.79% | 231.18%-215.4pp | 54.81%-39.0pp | 53.97%-38.2pp |
| Employer contribution / active EE | $327 | $381-14.2% | $987-66.9% | $2,523-87.1% |
| Participant deferral / active EE | $617 | $944-34.6% | $1,861-66.8% | $4,231-85.4% |
| Admin fee / account holder | $117 | $106+10.5% | $2,859-95.9% | $114+2.6% |