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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) | $19,826 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,638 | $79,181-31.0% | $102,423-46.7% | $74,429-26.6% |
| Participation rate | 50.4% | 74.8%-24.3pp | 76.5%-26.1pp | 67.2%-16.8pp |
| Annual return | 9.66% | 54.97%-45.3pp | 29.42%-19.8pp | 1368.38%-1358.7pp |
| Employer contribution / active EE | $0 | $2,362-100.0% | $3,023-100.0% | $2,625-100.0% |
| Participant deferral / active EE | $2,403 | $4,416-45.6% | $5,054-52.4% | $4,348-44.7% |
| Admin fee / account holder | $321 | $2,002-84.0% | $9,455-96.6% | $1,944-83.5% |