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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $9,622 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,821 | $57,108+29.3% | $94,229-21.7% | $52,331+41.1% |
| Participation rate | 53.8% | 72.9%-19.1pp | 78.8%-24.9pp | 68.1%-14.3pp |
| Annual return | -1.06% | 1.47%-2.5pp | 10.68%-11.7pp | 4.54%-5.6pp |
| Employer contribution / active EE | $0 | $1,735-100.0% | $3,587-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $3,205 | $3,040+5.4% | $4,320-25.8% | $3,022+6.0% |
| Admin fee / account holder | $64 | $546-88.3% | $6,269-99.0% | $592-89.2% |