Filed April 10, 2025 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $107,413 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $42,052 |
Service code 27 · EIN 13-5674085 | Advisory (Plan) | $8,869 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $49,697 | $34,242+45.1% | $76,518-35.1% | $75,289-34.0% |
| Participation rate | 40.7% | 43.9%-3.3pp | 68.0%-27.3pp | 72.4%-31.8pp |
| Annual return | -2.96% | -0.98%-2.0pp | -0.27%-2.7pp | -0.04%-2.9pp |
| Employer contribution / active EE | $298 | $975-69.4% | $2,647-88.7% | $2,405-87.6% |
| Participant deferral / active EE | $1,656 | $1,872-11.5% | $3,836-56.8% | $3,739-55.7% |
| Admin fee / account holder | $194 | $112+73.1% | $4,849-96.0% | $102+89.4% |