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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH - EPS Service code 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLOTTE, NC 28202 | Advisory (Participants) | $26,461 |
Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 150 N. COLLEGE STREET · CHARLOTTE, NC 28202 | Advisory (Participants) | $22,637 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $575 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,618 | $174,896-68.2% | $125,339-55.6% | - |
| Participation rate | 71.5% | 70.4%+1.1pp | 82.4%-10.9pp | - |
| Annual return | -9.53% | -12.90%+3.4pp | 572.05%-581.6pp | - |
| Employer contribution / active EE | $2,415 | $3,570-32.4% | $4,814-49.8% | - |
| Participant deferral / active EE | $4,293 | $6,354-32.4% | $7,446-42.4% | - |
| Admin fee / account holder | $704 | $56,117-98.7% | $10,010-93.0% | - |