Filed August 9, 2012
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
HUNTINGTON NATIONAL BANK3+ years Filed as: HUNTINGTON BANK Service code 15 · EIN 31-0966785 | Recordkeeping | $30,629 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,187 | $44,989-70.7% | $170,442-92.3% | $77,958-83.1% |
| Participation rate | 39.3% | 64.6%-25.4pp | 83.6%-44.3pp | 71.6%-32.4pp |
| Annual return | 31.02% | 19.61%+11.4pp | 205.93%-174.9pp | 20.87%+10.2pp |
| Employer contribution / active EE | $68 | $1,466-95.4% | $5,433-98.7% | $2,310-97.1% |
| Participant deferral / active EE | $619 | $2,208-72.0% | $4,939-87.5% | $3,537-82.5% |
| Admin fee / account holder | $53 | $69-22.6% | $13,880-99.6% | $97-45.2% |