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 | $101,597 |
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 | $11,435 | $71,505-84.0% | $123,553-90.7% | $73,367-84.4% |
| Participation rate | 86.6% | 64.9%+21.7pp | 82.3%+4.4pp | 69.5%+17.2pp |
| Annual return | -6.71% | 6.94%-13.6pp | 119.21%-125.9pp | 173.45%-180.2pp |
| Employer contribution / active EE | $485 | $2,011-75.9% | $4,628-89.5% | $2,499-80.6% |
| Participant deferral / active EE | $1,335 | $4,928-72.9% | $6,426-79.2% | $4,033-66.9% |
| Admin fee / account holder | $7 | $66-89.0% | $9,284-99.9% | $68-89.4% |