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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Service code 15 · EIN 13-5674085 | Recordkeeping | $55,824 |
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $47,524 |
ADP BROKER-DEALER10+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,174 | $66,486+14.6% | $81,370-6.4% | $77,762-2.0% |
| Participation rate | 52.8% | 68.7%-15.9pp | 69.5%-16.7pp | 70.6%-17.8pp |
| Annual return | 16.81% | 15.95%+0.9pp | 24.85%-8.0pp | 31.27%-14.5pp |
| Employer contribution / active EE | $1,421 | $2,158-34.1% | $2,464-42.3% | $2,728-47.9% |
| Participant deferral / active EE | $2,824 | $3,677-23.2% | $3,885-27.3% | $4,651-39.3% |
| Admin fee / account holder | $445 | $586-23.9% | $5,749-92.3% | $433+2.9% |