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| Provider | Service type | Compensation |
|---|---|---|
FIRSTMERIT BANK2+ years Filed as: FIRSTMERIT BANK, N.A. Service code 10 · EIN 34-0220600 | Accounting | $59,668 |
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 | $120,063 | $51,244+134.3% | $80,977+48.3% | $55,167+117.6% |
| Participation rate | 100.0% | 71.7%+28.3pp | 75.8%+24.2pp | 69.0%+31.0pp |
| Annual return | 23.77% | 17.39%+6.4pp | 17.11%+6.7pp | 169.23%-145.5pp |
| Employer contribution / active EE | $7,860 | $1,770+344.0% | $3,715+111.6% | $1,963+300.5% |
| Participant deferral / active EE | $897 | $4,418-79.7% | $5,696-84.3% | $3,054-70.6% |
| Admin fee / account holder | $375 | $398-5.7% | $5,517-93.2% | $504-25.5% |