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 | $148,761 |
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 | $29,520 | $121,599-75.7% | $135,998-78.3% | $103,657-71.5% |
| Participation rate | 93.8% | 76.2%+17.6pp | 81.9%+11.9pp | 73.4%+20.4pp |
| Annual return | 16.36% | 26.09%-9.7pp | 68.37%-52.0pp | 33.13%-16.8pp |
| Employer contribution / active EE | $1,864 | $4,627-59.7% | $4,860-61.6% | $3,216-42.0% |
| Participant deferral / active EE | $2,650 | $7,782-65.9% | $7,761-65.9% | $5,218-49.2% |
| Admin fee / account holder | $16 | $76-78.9% | $10,769-99.9% | $114-86.0% |