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| Provider | Service type | Compensation |
|---|---|---|
CITIZENS & NORTHERN BANK5 years Service code 15 · EIN 24-0756925 | Recordkeeping | $48,114 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,560 | $76,112-2.0% | $96,534-22.8% | $71,511+4.3% |
| Participation rate | 88.4% | 74.4%+14.0pp | 76.0%+12.4pp | 67.9%+20.4pp |
| Annual return | 14.94% | 22.81%-7.9pp | 25.88%-10.9pp | 28.86%-13.9pp |
| Employer contribution / active EE | $1,970 | $2,248-12.4% | $2,965-33.6% | $2,589-23.9% |
| Participant deferral / active EE | $3,630 | $4,217-13.9% | $4,851-25.2% | $4,291-15.4% |
| Admin fee / account holder | $310 | $2,708-88.5% | $8,253-96.2% | $1,588-80.5% |