Filed August 19, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, N.A.3+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $2,470 |
PNC BANK, N.A.3+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 59 | Shareholder Servicing | $0 |
Employer 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 | $54,925 | $45,324+21.2% | $122,354-55.1% | $69,631-21.1% |
| Participation rate | 70.1% | 59.9%+10.2pp | 71.6%-1.5pp | 70.7%-0.6pp |
| Annual return | 17.70% | 25.35%-7.6pp | 30.28%-12.6pp | 27571.02%-27553.3pp |
| Employer contribution / active EE | $254 | $1,230-79.3% | $4,051-93.7% | $2,032-87.5% |
| Participant deferral / active EE | $3,734 | $2,367+57.7% | $3,287+13.6% | $3,224+15.8% |
| Admin fee / account holder | $9 | $87-90.0% | $5,479-99.8% | $110-92.1% |