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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $3,667 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $72,685 | $48,064+51.2% | $78,778-7.7% | $69,631+4.4% |
| Participation rate | 37.9% | 61.6%-23.6pp | 69.2%-31.3pp | 70.7%-32.8pp |
| Annual return | 17.16% | 21.81%-4.7pp | 35.62%-18.5pp | 27571.02%-27553.9pp |
| Employer contribution / active EE | $0 | $744-100.0% | $1,986-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,539 | $2,079-26.0% | $2,958-48.0% | $3,224-52.3% |
| Admin fee / account holder | $32 | $152-79.2% | $5,134-99.4% | $110-71.4% |