See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 6-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
FIRST MERCHANTS TRUST CO3 years Filed as: FIRST MERCHANTS BANK Service code 99 · EIN 35-0508403 | Other Fees | $6,225 |
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $645 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MGMT Service code 27 · EIN 36-3297908 | Advisory (Plan) | $0 |
Filed as: RETIREMENT PLAN CONCEPTS & SVCS Service code 49 · EIN 35-2091834 | Other Services | $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.
Annual investment return 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,255 | $79,171-87.0% | $102,423-90.0% | $74,495-86.2% |
| Participation rate | 56.7% | 74.8%-18.1pp | 76.5%-19.8pp | 67.2%-10.5pp |
| Annual return | 10.86% | 54.93%-44.1pp | 29.32%-18.5pp | 1364.94%-1354.1pp |
| Employer contribution / active EE | $0 | $2,362-100.0% | $3,023-100.0% | $2,623-100.0% |
| Participant deferral / active EE | $826 | $4,415-81.3% | $5,053-83.7% | $4,346-81.0% |
| Admin fee / account holder | $213 | $2,001-89.4% | $9,451-97.7% | $1,942-89.0% |