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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $26,495 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $85,314 | $153,743-44.5% | $197,124-56.7% | $103,975-17.9% |
| Participation rate | 68.7% | 91.1%-22.4pp | 86.7%-18.0pp | 72.5%-3.8pp |
| Annual return | 17.93% | 17.60%+0.3pp | 44.34%-26.4pp | 19.41%-1.5pp |
| Employer contribution / active EE | $2,035 | $5,424-62.5% | $6,227-67.3% | $3,722-45.3% |
| Participant deferral / active EE | $5,864 | $9,152-35.9% | $9,135-35.8% | $5,343+9.8% |
| Admin fee / account holder | $18 | $131-86.3% | $16,298-99.9% | $332-94.6% |