Filed March 23, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $68,120 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $12,516 | $80,506-84.5% | $136,298-90.8% | $80,976-84.5% |
| Participation rate | 84.8% | 61.9%+23.0pp | 81.9%+2.9pp | 68.3%+16.6pp |
| Annual return | 13.83% | 27.70%-13.9pp | 5156.27%-5142.4pp | 22.91%-9.1pp |
| Employer contribution / active EE | $465 | $1,943-76.1% | $4,696-90.1% | $2,402-80.6% |
| Participant deferral / active EE | $1,300 | $4,601-71.7% | $6,247-79.2% | $3,848-66.2% |
| Admin fee / account holder | $5 | $72-92.6% | $9,244-99.9% | $67-92.1% |