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| Provider | Service type | Compensation |
|---|---|---|
HUNTINGTON NATIONAL BANK2+ years Service code 15 · EIN 31-0966785 | Recordkeeping | $9,884 |
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).
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 | $47,583 | $44,425+7.1% | $67,834-29.9% | $55,167-13.7% |
| Participation rate | 25.6% | 59.7%-34.1pp | 68.8%-43.2pp | 69.0%-43.4pp |
| Annual return | 5.17% | 17.80%-12.6pp | 138.47%-133.3pp | 169.23%-164.1pp |
| Employer contribution / active EE | $299 | $1,351-77.9% | $2,403-87.6% | $1,963-84.8% |
| Participant deferral / active EE | $772 | $2,166-64.4% | $3,160-75.6% | $3,054-74.7% |
| Admin fee / account holder | $260 | $530-51.0% | $4,622-94.4% | $504-48.4% |