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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $13,439 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,791 | $73,638-71.8% | $95,964-78.3% | $73,497-71.7% |
| Participation rate | 62.5% | 76.2%-13.7pp | 77.1%-14.6pp | 70.7%-8.2pp |
| Annual return | 13.59% | 16.78%-3.2pp | 91.64%-78.1pp | 28.51%-14.9pp |
| Employer contribution / active EE | $0 | $1,863-100.0% | $2,541-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $2,020 | $3,617-44.1% | $4,167-51.5% | $3,740-46.0% |
| Admin fee / account holder | $109 | $482-77.5% | $6,797-98.4% | $513-78.9% |