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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 | $106,164+64.9% | $147,041+19.0% | $77,692+125.3% |
| Participation rate | 67.3% | 78.4%-11.0pp | 82.2%-14.8pp | 70.6%-3.2pp |
| Annual return | 14.82% | 56.81%-42.0pp | 419.21%-404.4pp | 31.25%-16.4pp |
| Employer contribution / active EE | $5,913 | $4,066+45.4% | $4,935+19.8% | $2,726+116.9% |
| Participant deferral / active EE | $13,613 | $7,993+70.3% | $8,071+68.7% | $4,648+192.9% |
| Admin fee / account holder | $88 | $338-73.8% | $13,006-99.3% | $431-79.5% |