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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $2,075 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,375 | $79,438-63.0% | $106,554-72.4% | $79,389-63.0% |
| Participation rate | 59.1% | 74.2%-15.1pp | 76.1%-17.0pp | 70.7%-11.6pp |
| Annual return | 22.16% | 18.27%+3.9pp | 26.80%-4.6pp | 116.89%-94.7pp |
| Employer contribution / active EE | $880 | $2,235-60.6% | $2,819-68.8% | $2,428-63.8% |
| Participant deferral / active EE | $1,777 | $3,824-53.5% | $4,398-59.6% | $4,046-56.1% |
| Admin fee / account holder | $25 | $523-95.3% | $7,408-99.7% | $626-96.1% |