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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 4804 DEER LAKE DRIVE, 5TH FLOOR · JACKSONVILLE, FL 32246 | Advisory (Plan) | $42,196 |
Filed as: TRANSAMERICA FINANCIAL Service code 15 · EIN 36-6071399 | Recordkeeping | $36,592 |
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 83-3719843 | Recordkeeping | $1,750 |
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 | $118,634 | $57,752+105.4% | $112,273+5.7% | $71,511+65.9% |
| Participation rate | 45.1% | 58.8%-13.8pp | 72.4%-27.4pp | 67.9%-22.9pp |
| Annual return | 17.63% | 18.25%-0.6pp | 30.23%-12.6pp | 28.86%-11.2pp |
| Employer contribution / active EE | $0 | $1,912-100.0% | $3,431-100.0% | $2,589-100.0% |
| Participant deferral / active EE | $3,998 | $2,860+39.8% | $4,800-16.7% | $4,291-6.8% |
| Admin fee / account holder | $606 | $1,586-61.8% | $7,752-92.2% | $1,588-61.9% |