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| Provider | Service type | Compensation |
|---|---|---|
HUNTINGTON NATIONAL BANK3 years Filed as: HUNTINGTON BANK Service code 10 · EIN 31-0966785 | Accounting | $45,937 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $112,076 | $65,378+71.4% | $87,103+28.7% | $65,186+71.9% |
| Participation rate | 48.6% | 75.3%-26.7pp | 76.9%-28.2pp | 70.2%-21.6pp |
| Annual return | 16.13% | 31.28%-15.1pp | 28.19%-12.1pp | 29.39%-13.3pp |
| Employer contribution / active EE | $0 | $1,823-100.0% | $2,521-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,345 | $3,389-60.3% | $4,049-66.8% | $3,514-61.7% |
| Admin fee / account holder | $534 | $520+2.8% | $7,491-92.9% | $847-37.0% |