Filed March 4, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $80,040 |
KPMG LLP3+ years Service code 10 · EIN 13-5565207 | Accounting | $35,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $26,437 | $39,909-33.8% | $78,778-66.4% | $80,976-67.4% |
| Participation rate | 60.7% | 55.7%+5.0pp | 69.2%-8.5pp | 68.3%-7.5pp |
| Annual return | 19.54% | 23.47%-3.9pp | 35.62%-16.1pp | 22.91%-3.4pp |
| Employer contribution / active EE | $622 | $778-20.0% | $1,986-68.7% | $2,402-74.1% |
| Participant deferral / active EE | $1,652 | $1,359+21.5% | $2,958-44.2% | $3,848-57.1% |
| Admin fee / account holder | $13 | $50-73.8% | $5,134-99.7% | $67-80.7% |