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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $2,435 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $85,266 | $39,245+117.3% | $64,105+33.0% | $52,331+62.9% |
| Participation rate | 40.1% | 58.2%-18.1pp | 68.2%-28.1pp | 68.1%-28.0pp |
| Annual return | -1.21% | 14.79%-16.0pp | 791.24%-792.4pp | 4.54%-5.7pp |
| Employer contribution / active EE | $0 | $736-100.0% | $1,820-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,925 | $1,992-3.3% | $2,822-31.8% | $3,022-36.3% |
| Admin fee / account holder | $30 | $592-95.0% | $4,499-99.3% | $592-95.0% |