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 | $106,026 |
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 | $13,368 | $81,961-83.7% | $141,200-90.5% | $89,609-85.1% |
| Participation rate | 88.6% | 64.9%+23.7pp | 82.5%+6.1pp | 69.6%+19.0pp |
| Annual return | 21.65% | 36.14%-14.5pp | 71.41%-49.8pp | 33.65%-12.0pp |
| Employer contribution / active EE | $455 | $2,268-79.9% | $4,736-90.4% | $2,584-82.4% |
| Participant deferral / active EE | $1,305 | $5,316-75.5% | $6,710-80.6% | $4,222-69.1% |
| Admin fee / account holder | $7 | $68-89.6% | $10,265-99.9% | $72-90.2% |