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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $12,277 |
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 | $60,523 | $107,378-43.6% | $108,582-44.3% | $57,658+5.0% |
| Participation rate | 41.0% | 77.1%-36.1pp | 79.6%-38.6pp | 70.2%-29.2pp |
| Annual return | 36.10% | 12.80%+23.3pp | -51.70%+87.8pp | 5.13%+31.0pp |
| Employer contribution / active EE | $438 | $1,782-75.4% | $3,758-88.3% | $1,974-77.8% |
| Participant deferral / active EE | $2,123 | $3,221-34.1% | $4,311-50.8% | $3,061-30.6% |
| Admin fee / account holder | $50 | $108-53.8% | $7,645-99.3% | $95-47.0% |