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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 | $92,095 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $41,440 | $106,110-60.9% | $147,005-71.8% | $77,671-46.6% |
| Participation rate | 87.0% | 78.4%+8.6pp | 82.2%+4.8pp | 70.6%+16.4pp |
| Annual return | 13.30% | 56.77%-43.5pp | 418.76%-405.5pp | 31.21%-17.9pp |
| Employer contribution / active EE | $1,442 | $4,065-64.5% | $4,934-70.8% | $2,726-47.1% |
| Participant deferral / active EE | $4,084 | $7,992-48.9% | $8,070-49.4% | $4,648-12.1% |
| Admin fee / account holder | $222 | $338-34.4% | $13,006-98.3% | $430-48.5% |