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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $66,131 |
Service code 50 FILE 1404 · PASADENA, CA 911991404 | Direct Payment | $19,523 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $175,017 | $106,247+64.7% | $147,096+19.0% | $77,714+125.2% |
| Participation rate | 67.3% | 78.4%-11.0pp | 82.2%-14.8pp | 70.6%-3.2pp |
| Annual return | 14.82% | 56.87%-42.0pp | 419.75%-404.9pp | 31.26%-16.4pp |
| Employer contribution / active EE | $5,913 | $4,069+45.3% | $4,936+19.8% | $2,727+116.9% |
| Participant deferral / active EE | $13,613 | $7,996+70.2% | $8,071+68.7% | $4,649+192.8% |
| Admin fee / account holder | $88 | $338-73.9% | $13,005-99.3% | $433-79.6% |