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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $24,788 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $70,231 | $122,585-42.7% | $184,256-61.9% | $200,096-64.9% |
| Participation rate | 68.4% | 86.9%-18.5pp | 86.8%-18.4pp | 72.0%-3.6pp |
| Annual return | 17.14% | 144.12%-127.0pp | 28.85%-11.7pp | 34.26%-17.1pp |
| Employer contribution / active EE | $1,985 | $4,571-56.6% | $6,427-69.1% | $3,038-34.6% |
| Participant deferral / active EE | $5,586 | $7,972-29.9% | $9,133-38.8% | $5,090+9.7% |
| Admin fee / account holder | $17 | $120-85.8% | $13,899-99.9% | $269-93.7% |