Filed February 12, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, N.A.1+ years Service code 25 · EIN 25-1211909 | Directed Trustee | $5,905 |
PNC BANK, N.A.1+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 52 | Indirect Investment Fees | $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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $68,759 | $50,498+36.2% | $75,784-9.3% | $55,191+24.6% |
| Participation rate | 14.5% | 69.4%-55.0pp | 75.8%-61.4pp | 69.2%-54.7pp |
| Annual return | -1.53% | 1.80%-3.3pp | 9.68%-11.2pp | 10.78%-12.3pp |
| Employer contribution / active EE | $0 | $2,291-100.0% | $3,323-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $796 | $2,589-69.3% | $3,652-78.2% | $3,046-73.9% |
| Admin fee / account holder | $62 | $123-50.0% | $5,300-98.8% | $91-32.2% |