Filed February 1, 2023
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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $322,237 |
ROSE ROCK CPAS, PLLC9 years Service code 10 · EIN 26-0852716 | Accounting | $19,000 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $32,871 | $106,553-69.2% | $153,741-78.6% | $106,553-69.2% |
| Participation rate | 82.9% | 69.8%+13.1pp | 77.1%+5.8pp | 69.8%+13.1pp |
| Annual return | 11.10% | 17.37%-6.3pp | 15.71%-4.6pp | 17.37%-6.3pp |
| Employer contribution / active EE | $1,941 | $3,359-42.2% | $5,042-61.5% | $3,359-42.2% |
| Participant deferral / active EE | $2,808 | $5,562-49.5% | $6,757-58.4% | $5,562-49.5% |
| Admin fee / account holder | $30 | $80-62.1% | $12,749-99.8% | $80-62.1% |