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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 21 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Bank Trustee | $9,965 |
AMERICAN FUNDS1+ years Service code 21 · EIN 95-6817943 PO BOX 6014 · INDIANAPOLIS, IN 462066014 | Bank Trustee | $0 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,034 | $56,894-31.4% | $84,753-53.9% | $62,881-37.9% |
| Participation rate | 42.9% | 68.5%-25.7pp | 76.6%-33.7pp | 69.3%-26.4pp |
| Annual return | 9.91% | 6.30%+3.6pp | 22.78%-12.9pp | 20.14%-10.2pp |
| Employer contribution / active EE | $635 | $2,400-73.5% | $3,574-82.2% | $2,281-72.2% |
| Participant deferral / active EE | $637 | $2,709-76.5% | $3,712-82.8% | $3,203-80.1% |
| Admin fee / account holder | $1,331 | $3,581-62.8% | $5,333-75.0% | $4,296-69.0% |