Filed June 16, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC6 years Service code 15 · EIN 11-3665754 | Recordkeeping | $30,841 |
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $22,900 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,388 | $54,690-7.9% | $76,030-33.7% | $74,478-32.3% |
| Participation rate | 97.3% | 60.3%+37.0pp | 69.1%+28.3pp | 67.2%+30.1pp |
| Annual return | 33.27% | 31.92%+1.4pp | 361.54%-328.3pp | 1370.56%-1337.3pp |
| Employer contribution / active EE | $3,351 | $1,781+88.1% | $2,688+24.7% | $2,626+27.6% |
| Participant deferral / active EE | $5,730 | $3,070+86.6% | $4,257+34.6% | $4,350+31.7% |
| Admin fee / account holder | $172 | $2,240-92.3% | $6,421-97.3% | $1,946-91.2% |