Filed October 16, 2024 (most recent of 3 filings on file)
Total covered: 78 employees
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| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, N.A.1+ years Service code 25 · EIN 25-1211909 | Directed Trustee | $12,703 |
PNC BANK, N.A.1+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 59 | Shareholder Servicing | $0 |
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.
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 | $15,377 | $34,220-55.1% | $73,835-79.2% | $59,188-74.0% |
| Participation rate | 8.1% | 59.1%-51.0pp | 73.4%-65.3pp | 69.4%-61.3pp |
| Annual return | 7.03% | 3.36%+3.7pp | 2268.13%-2261.1pp | 5.51%+1.5pp |
| Employer contribution / active EE | $44 | $1,480-97.0% | $2,788-98.4% | $2,098-97.9% |
| Participant deferral / active EE | $417 | $2,035-79.5% | $3,583-88.4% | $3,265-87.2% |
| Admin fee / account holder | $38 | $64-39.9% | $4,880-99.2% | $92-58.3% |