Filed June 16, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $10,300 |
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $9,765 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,319 | $55,636-25.7% | $81,983-49.6% | $73,488-43.8% |
| Participation rate | 93.7% | 62.3%+31.4pp | 69.2%+24.4pp | 70.7%+23.0pp |
| Annual return | 18.97% | 19.07%-0.1pp | 41.31%-22.3pp | 28.51%-9.5pp |
| Employer contribution / active EE | $2,872 | $1,625+76.8% | $2,498+15.0% | $2,270+26.5% |
| Participant deferral / active EE | $4,870 | $2,762+76.3% | $3,722+30.8% | $3,740+30.2% |
| Admin fee / account holder | $117 | $493-76.2% | $5,664-97.9% | $513-77.1% |