Filed March 6, 2025
Total covered: 3 employees
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK10+ years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $72,682 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,914 | $89,123-44.0% | $102,460-51.3% | $77,762-35.8% |
| Participation rate | 67.5% | 80.9%-13.4pp | 76.5%-9.0pp | 70.6%-3.1pp |
| Annual return | 15.40% | 25.05%-9.6pp | 29.47%-14.1pp | 31.27%-15.9pp |
| Employer contribution / active EE | $1,824 | $2,700-32.4% | $3,025-39.7% | $2,728-33.1% |
| Participant deferral / active EE | $2,873 | $5,148-44.2% | $5,056-43.2% | $4,651-38.2% |
| Admin fee / account holder | $326 | $236+38.2% | $9,460-96.6% | $433-24.7% |