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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $2,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $119,768 | $88,122+35.9% | $141,200-15.2% | $67,584+77.2% |
| Participation rate | 69.4% | 76.5%-7.0pp | 82.5%-13.0pp | 71.3%-1.8pp |
| Annual return | 21.11% | 75.40%-54.3pp | 71.41%-50.3pp | 378.59%-357.5pp |
| Employer contribution / active EE | $4,482 | $3,224+39.0% | $4,736-5.4% | $2,148+108.7% |
| Participant deferral / active EE | $10,719 | $5,958+79.9% | $6,710+59.7% | $3,540+202.8% |
| Admin fee / account holder | $3 | $131-97.9% | $10,265-100.0% | $142-98.1% |