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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) | $52,441 |
Filed as: TRANSAMERICA FINANCIAL Service code 15 · EIN 36-6071399 | Recordkeeping | $43,086 |
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 83-3719843 | Recordkeeping | $2,438 |
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 | $118,173 | $62,409+89.4% | $120,524-2.0% | $74,429+58.8% |
| Participation rate | 55.3% | 56.8%-1.4pp | 71.9%-16.6pp | 67.2%-11.9pp |
| Annual return | 17.91% | 18.62%-0.7pp | 107.36%-89.5pp | 1368.38%-1350.5pp |
| Employer contribution / active EE | $1,707 | $1,847-7.6% | $3,469-50.8% | $2,625-35.0% |
| Participant deferral / active EE | $5,044 | $2,888+74.6% | $4,994+1.0% | $4,348+16.0% |
| Admin fee / account holder | $620 | $2,394-74.1% | $9,440-93.4% | $1,944-68.1% |