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| Provider | Service type | Compensation |
|---|---|---|
FIRSTMERIT BANK1+ years Service code 10 · EIN 34-0220600 | Accounting | $37,314 |
Employer contribution per participant 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 | $38,907 | $53,412-27.2% | $68,509-43.2% | $52,331-25.7% |
| Participation rate | 79.6% | 71.7%+7.9pp | 74.7%+4.9pp | 68.1%+11.5pp |
| Annual return | -0.84% | 3.42%-4.3pp | 8.27%-9.1pp | 4.54%-5.4pp |
| Employer contribution / active EE | $217 | $1,607-86.5% | $2,278-90.5% | $1,882-88.5% |
| Participant deferral / active EE | $2,972 | $2,688+10.6% | $3,382-12.1% | $3,022-1.7% |
| Admin fee / account holder | $276 | $461-40.1% | $5,275-94.8% | $592-53.3% |