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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $14,209 |
ASCENSUS LLC5 years Service code 15 · EIN 11-3665754 | Recordkeeping | $12,816 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,689 | $85,713-29.2% | $86,698-30.0% | - |
| Participation rate | 51.5% | 72.2%-20.6pp | 76.6%-25.1pp | - |
| Annual return | -17.52% | -20.12%+2.6pp | 35.96%-53.5pp | - |
| Employer contribution / active EE | $0 | $1,789-100.0% | $2,837-100.0% | - |
| Participant deferral / active EE | $2,606 | $3,318-21.5% | $4,656-44.0% | - |
| Admin fee / account holder | $330 | $28,935-98.9% | $7,492-95.6% | - |