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| Provider | Service type | Compensation |
|---|---|---|
HUNTINGTON NATIONAL BANK1 year Service code 10 · EIN 31-0966785 | Accounting | $48,040 |
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.
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 | $146,762 | $59,535+146.5% | $90,161+62.8% | $62,293+135.6% |
| Participation rate | 96.5% | 73.0%+23.5pp | 76.9%+19.7pp | 69.5%+27.0pp |
| Annual return | 12.62% | 23.53%-10.9pp | 34.89%-22.3pp | 28.90%-16.3pp |
| Employer contribution / active EE | $8,039 | $1,826+340.3% | $3,318+142.3% | $2,042+293.6% |
| Participant deferral / active EE | $882 | $4,639-81.0% | $5,287-83.3% | $3,169-72.2% |
| Admin fee / account holder | $322 | $337-4.2% | $5,943-94.6% | $479-32.7% |