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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $9,465 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,010 | $57,570+11.2% | $121,169-47.2% | $80,149-20.1% |
| Participation rate | 31.9% | 58.8%-26.9pp | 69.5%-37.6pp | 72.9%-41.0pp |
| Annual return | 13.51% | 20.42%-6.9pp | 986.71%-973.2pp | 40.39%-26.9pp |
| Employer contribution / active EE | $0 | $2,119-100.0% | $4,168-100.0% | $2,977-100.0% |
| Participant deferral / active EE | $1,381 | $3,092-55.4% | $4,083-66.2% | $5,015-72.5% |
| Admin fee / account holder | $22 | $121-82.0% | $5,645-99.6% | $145-85.0% |