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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $994 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS. Service code 15 · EIN 36-6071399 | Recordkeeping | $311 |
INCENTIVE BENEFITS, INC.1+ years Service code 15 · EIN 82-2413612 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,840 | $54,590-74.6% | $81,716-83.1% | $73,493-81.2% |
| Participation rate | 17.1% | 68.3%-51.2pp | 72.0%-54.9pp | 70.7%-53.6pp |
| Annual return | 0.00% | 17.74%-17.7pp | 29.49%-29.5pp | 28.51%-28.5pp |
| Employer contribution / active EE | $747 | $1,636-54.3% | $4,310-82.7% | $2,270-67.1% |
| Participant deferral / active EE | $747 | $2,759-72.9% | $7,108-89.5% | $3,740-80.0% |
| Admin fee / account holder | $65 | $592-89.0% | $5,159-98.7% | $513-87.3% |