Filed June 16, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085 | Advisory (Plan) | $29,961 |
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754 | Recordkeeping | $24,582 |
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 | $32,378 | $63,442-49.0% | $68,794-52.9% | $66,930-51.6% |
| Participation rate | 98.3% | 60.0%+38.3pp | 69.0%+29.3pp | 69.8%+28.5pp |
| Annual return | -15.62% | -8.29%-7.3pp | -6.37%-9.2pp | 1.57%-17.2pp |
| Employer contribution / active EE | $3,131 | $1,775+76.4% | $2,656+17.9% | $2,545+23.0% |
| Participant deferral / active EE | $5,090 | $2,945+72.9% | $3,941+29.1% | $4,238+20.1% |
| Admin fee / account holder | $201 | $577-65.3% | $4,934-95.9% | $593-66.2% |