Filed December 2, 2012
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 |
|---|---|---|
FIRST MERCHANTS TRUST CO1+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $26,304 |
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.)
Annual investment return 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 | $116,600 | $50,464+131.1% | $75,781+53.9% | $52,331+122.8% |
| Participation rate | 47.2% | 66.8%-19.5pp | 75.8%-28.6pp | 68.1%-20.9pp |
| Annual return | -2.32% | 1.03%-3.3pp | 9.68%-12.0pp | 4.54%-6.9pp |
| Employer contribution / active EE | $582 | $1,988-70.7% | $3,323-82.5% | $1,882-69.1% |
| Participant deferral / active EE | $3,059 | $2,570+19.0% | $3,651-16.2% | $3,022+1.2% |
| Admin fee / account holder | $376 | $1,103-65.9% | $5,299-92.9% | $592-36.5% |