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 | $125,719 |
Participant contribution per participant 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,392 | $93,773-80.4% | $125,401-85.3% | $78,104-76.5% |
| Participation rate | 92.8% | 75.6%+17.3pp | 82.4%+10.5pp | 74.5%+18.3pp |
| Annual return | -16.20% | 277.78%-294.0pp | 572.53%-588.7pp | 10.90%-27.1pp |
| Employer contribution / active EE | $861 | $3,678-76.6% | $4,816-82.1% | $3,128-72.5% |
| Participant deferral / active EE | $2,103 | $6,971-69.8% | $7,448-71.8% | $5,089-58.7% |
| Admin fee / account holder | $10 | $67-85.7% | $10,008-99.9% | $79-87.8% |