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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $83,874 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,782 | $2,687,218-97.6% | $165,071-60.8% | $199,960-67.6% |
| Participation rate | 51.6% | 78.3%-26.6pp | 78.6%-27.0pp | 72.0%-20.4pp |
| Annual return | 14.53% | 17.94%-3.4pp | 70.17%-55.6pp | 34.28%-19.8pp |
| Employer contribution / active EE | $640 | $2,958-78.4% | $4,347-85.3% | $3,036-78.9% |
| Participant deferral / active EE | $3,219 | $5,002-35.7% | $6,035-46.7% | $5,087-36.7% |
| Admin fee / account holder | $133 | $1,988-93.3% | $12,695-99.0% | $269-50.8% |