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| Provider | Service type | Compensation |
|---|---|---|
FIRST MERCHANTS TRUST CO5+ years Filed as: FIRST MERCHANTS BANK N.A. Service code 21 · EIN 35-6412246 | Bank Trustee | $23,398 |
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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.
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 | $0 | $46,244-100.0% | $346,182-100.0% | $46,244-100.0% |
| Participation rate | 0.0% | 0.0%0pp | 52.1%-52.1pp | 2.8%-2.8pp |
| Annual return | 12.30% | 13.54%-1.2pp | 13.48%-1.2pp | 16.32%-4.0pp |
| Employer contribution / active EE | $3,086 | $37,659-91.8% | $47,067-93.4% | $17,007-81.9% |
| Participant deferral / active EE | $0 | $159-100.0% | $200-100.0% | $406-100.0% |
| Admin fee / account holder | $0 | $127-100.0% | $14,572-100.0% | $127-100.0% |