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| Provider | Service type | Compensation |
|---|---|---|
FIRSTMERIT BANK1+ years Filed as: FIRSTMERIT BANK, N.A. Service code 10 · EIN 34-0220600 | Accounting | $52,011 |
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.)
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 | $119,479 | $48,313+147.3% | $73,309+63.0% | $52,331+128.3% |
| Participation rate | 100.0% | 68.6%+31.4pp | 74.9%+25.1pp | 68.1%+31.9pp |
| Annual return | -0.36% | 3.85%-4.2pp | 5.67%-6.0pp | 4.54%-4.9pp |
| Employer contribution / active EE | $7,814 | $1,661+370.4% | $3,237+141.4% | $1,882+315.3% |
| Participant deferral / active EE | $1,015 | $4,189-75.8% | $4,991-79.7% | $3,022-66.4% |
| Admin fee / account holder | $410 | $404+1.4% | $5,635-92.7% | $592-30.8% |