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| Provider | Service type | Compensation |
|---|---|---|
RICHLAND BANK6+ years Service code 15 · EIN 34-0489390 3 NORTH MAIN STREET · MANSFIELD, OH 44902 | Recordkeeping | $44,617 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $98,699 | $84,936+16.2% | $111,308-11.3% | $79,391+24.3% |
| Participation rate | 98.6% | 75.9%+22.8pp | 77.3%+21.3pp | 70.7%+27.9pp |
| Annual return | 22.56% | 17.45%+5.1pp | 54.67%-32.1pp | 116.88%-94.3pp |
| Employer contribution / active EE | $764 | $1,979-61.4% | $2,732-72.0% | $2,428-68.5% |
| Participant deferral / active EE | $2,129 | $3,888-45.3% | $4,487-52.6% | $4,046-47.4% |
| Admin fee / account holder | $301 | $537-43.9% | $7,965-96.2% | $627-51.9% |