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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $15,572 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $44,728 | $38,312+16.7% | $100,671-55.6% | $59,188-24.4% |
| Participation rate | 40.8% | 57.4%-16.6pp | 70.7%-29.9pp | 69.4%-28.6pp |
| Annual return | -0.39% | 2.64%-3.0pp | 20.43%-20.8pp | 5.51%-5.9pp |
| Employer contribution / active EE | $0 | $1,183-100.0% | $4,012-100.0% | $2,098-100.0% |
| Participant deferral / active EE | $1,063 | $1,847-42.5% | $3,144-66.2% | $3,265-67.4% |
| Admin fee / account holder | $30 | $68-55.6% | $4,850-99.4% | $92-67.3% |