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 | $86,779 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,579 | $50,385+32.1% | $75,501-11.8% | $62,293+6.9% |
| Participation rate | 99.4% | 67.7%+31.7pp | 72.4%+27.0pp | 69.5%+29.9pp |
| Annual return | 16.65% | 19.90%-3.3pp | 27.35%-10.7pp | 28.90%-12.3pp |
| Employer contribution / active EE | $3,895 | $1,537+153.4% | $2,352+65.6% | $2,042+90.7% |
| Participant deferral / active EE | $0 | $2,445-100.0% | $3,142-100.0% | $3,169-100.0% |
| Admin fee / account holder | $520 | $384+35.3% | $5,801-91.0% | $479+8.4% |