Filed March 6, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, N.A.4+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $51,401 |
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.
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 | $64,707 | $37,884+70.8% | $79,467-18.6% | $75,289-14.1% |
| Participation rate | 23.3% | 65.0%-41.7pp | 73.3%-50.0pp | 72.4%-49.1pp |
| Annual return | -4.20% | 1.06%-5.3pp | 718.30%-722.5pp | -0.04%-4.2pp |
| Employer contribution / active EE | $413 | $1,680-75.4% | $2,800-85.3% | $2,405-82.8% |
| Participant deferral / active EE | $517 | $2,569-79.9% | $3,704-86.0% | $3,739-86.2% |
| Admin fee / account holder | $107 | $77+39.9% | $5,104-97.9% | $102+4.7% |