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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $225 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,978 | $68,092-7.5% | $73,309-14.1% | $59,188+6.4% |
| Participation rate | 30.9% | 78.1%-47.2pp | 74.9%-44.0pp | 69.4%-38.5pp |
| Annual return | 0.93% | 5.93%-5.0pp | 5.67%-4.7pp | 5.51%-4.6pp |
| Employer contribution / active EE | $0 | $2,018-100.0% | $3,237-100.0% | $2,098-100.0% |
| Participant deferral / active EE | $810 | $5,041-83.9% | $4,991-83.8% | $3,265-75.2% |
| Admin fee / account holder | $0 | $630-99.9% | $5,635-100.0% | $92-99.5% |