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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $5,444 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,314 | $98,217+1.1% | $105,754-6.1% | $63,975+55.2% |
| Participation rate | 59.1% | 81.9%-22.8pp | 78.9%-19.8pp | 71.1%-12.1pp |
| Annual return | 0.00% | 20.18%-20.2pp | 12.25%-12.3pp | 48.65%-48.7pp |
| Employer contribution / active EE | $0 | $4,802-100.0% | $4,079-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $641 | $6,019-89.3% | $5,326-88.0% | $3,356-80.9% |
| Admin fee / account holder | $8 | $70-88.2% | $8,309-99.9% | $70-88.3% |