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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $225 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $148,932 | $80,983+83.9% | $96,544+54.3% | $75,177+98.1% |
| Participation rate | 63.8% | 71.8%-8.0pp | 76.0%-12.2pp | 67.2%-3.4pp |
| Annual return | 16.91% | 27.05%-10.1pp | 25.88%-9.0pp | 160.75%-143.8pp |
| Employer contribution / active EE | $5,043 | $2,282+120.9% | $2,966+70.0% | $2,671+88.8% |
| Participant deferral / active EE | $7,068 | $3,929+79.9% | $4,851+45.7% | $4,126+71.3% |
| Admin fee / account holder | $416 | $6,717-93.8% | $8,254-95.0% | $5,651-92.6% |