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 | $54,674-7.8% | $76,089-33.8% | $74,429-32.3% |
| Participation rate | 97.3% | 60.3%+37.0pp | 69.1%+28.2pp | 67.2%+30.1pp |
| Annual return | 33.27% | 31.89%+1.4pp | 360.94%-327.7pp | 1368.38%-1335.1pp |
| Employer contribution / active EE | $3,351 | $1,781+88.1% | $2,690+24.6% | $2,625+27.7% |
| Participant deferral / active EE | $5,730 | $3,071+86.6% | $4,259+34.5% | $4,348+31.8% |
| Admin fee / account holder | $172 | $2,238-92.3% | $6,418-97.3% | $1,944-91.2% |