Filed October 31, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 19 · EIN 13-5674085 | Securities Custodian | $75,732 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $62,141 | $43,550+42.7% | $63,244-1.7% | $52,331+18.7% |
| Participation rate | 98.5% | 65.7%+32.8pp | 71.0%+27.5pp | 68.1%+30.4pp |
| Annual return | -3.68% | 2.03%-5.7pp | -70.31%+66.6pp | 4.54%-8.2pp |
| Employer contribution / active EE | $3,814 | $1,351+182.3% | $2,322+64.3% | $1,882+102.7% |
| Participant deferral / active EE | $0 | $2,254-100.0% | $2,953-100.0% | $3,022-100.0% |
| Admin fee / account holder | $549 | $387+41.8% | $5,893-90.7% | $592-7.2% |