Filed March 14, 1994
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
FIRSTMERIT BANK1+ years Filed as: FIRSTMERIT BANK NA Service code 10 · EIN 34-0220600 | Accounting | $6,384 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,960 | $53,412-19.6% | $68,509-37.3% | $52,331-17.9% |
| Participation rate | 57.7% | 71.7%-14.0pp | 74.7%-17.0pp | 68.1%-10.4pp |
| Annual return | -0.44% | 3.42%-3.9pp | 8.27%-8.7pp | 4.54%-5.0pp |
| Employer contribution / active EE | $268 | $1,607-83.3% | $2,278-88.2% | $1,882-85.7% |
| Participant deferral / active EE | $1,726 | $2,688-35.8% | $3,382-49.0% | $3,022-42.9% |
| Admin fee / account holder | $36 | $461-92.2% | $5,275-99.3% | $592-93.9% |