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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PARK NATIONAL BANK Service code 21 · EIN 31-1198067 50 NORTH 3RD STREET · NEWARK, OH 43055 | Bank Trustee | $28,263 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $126,867 | $73,638+72.3% | $95,964+32.2% | $73,497+72.6% |
| Participation rate | 29.2% | 76.2%-47.0pp | 77.1%-47.9pp | 70.7%-41.5pp |
| Annual return | 19.26% | 16.78%+2.5pp | 91.64%-72.4pp | 28.51%-9.3pp |
| Employer contribution / active EE | $527 | $1,863-71.7% | $2,541-79.3% | $2,270-76.8% |
| Participant deferral / active EE | $1,098 | $3,617-69.6% | $4,167-73.7% | $3,740-70.6% |
| Admin fee / account holder | $807 | $482+67.5% | $6,797-88.1% | $513+57.4% |