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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $5,585 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $54,999 | $72,770-24.4% | $67,652-18.7% | $55,191-0.3% |
| Participation rate | 32.6% | 78.8%-46.2pp | 75.7%-43.1pp | 69.2%-36.6pp |
| Annual return | -0.45% | -3.26%+2.8pp | 6625.04%-6625.5pp | 10.78%-11.2pp |
| Employer contribution / active EE | $178 | $1,769-90.0% | $2,266-92.2% | $1,899-90.6% |
| Participant deferral / active EE | $2,195 | $3,408-35.6% | $3,560-38.3% | $3,046-27.9% |
| Admin fee / account holder | $17 | $79-78.9% | $4,821-99.7% | $91-81.7% |