Filed October 29, 2008 (most recent of 2 filings on file)
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.
| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK9+ years Service code 15 100 N. MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $60,623 |
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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,907,404 | $241,850+32940.1% | $102,437+77906.2% | $200,096+39834.5% |
| Participation rate | 0.0% | 78.3%-78.3pp | 74.5%-74.5pp | 72.0%-72.0pp |
| Annual return | 40.47% | 17.67%+22.8pp | 24.95%+15.5pp | 34.26%+6.2pp |
| Employer contribution / active EE | $10,546 | $4,253+148.0% | $3,871+172.4% | $3,038+247.2% |
| Participant deferral / active EE | $5,698 | $3,961+43.9% | $5,060+12.6% | $5,090+11.9% |
| Admin fee / account holder | $6,062 | $288+2004.5% | $8,388-27.7% | $269+2151.2% |