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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 | $2,679,533-97.6% | $164,866-60.7% | $199,768-67.6% |
| Participation rate | 51.6% | 78.3%-26.7pp | 78.6%-27.0pp | 72.0%-20.4pp |
| Annual return | 14.53% | 17.93%-3.4pp | 69.97%-55.4pp | 34.26%-19.7pp |
| Employer contribution / active EE | $640 | $2,970-78.5% | $4,343-85.3% | $3,037-78.9% |
| Participant deferral / active EE | $3,219 | $5,010-35.8% | $6,033-46.7% | $5,090-36.8% |
| Admin fee / account holder | $133 | $1,982-93.3% | $12,689-99.0% | $269-50.7% |