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 CO3+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $31,424 |
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.)
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 | $129,681 | $58,726+120.8% | $92,233+40.6% | $62,292+108.2% |
| Participation rate | 47.2% | 68.3%-21.1pp | 76.5%-29.2pp | 69.5%-22.3pp |
| Annual return | 20.84% | 43.62%-22.8pp | 176.28%-155.4pp | 28.90%-8.1pp |
| Employer contribution / active EE | $633 | $2,392-73.5% | $3,679-82.8% | $2,042-69.0% |
| Participant deferral / active EE | $3,284 | $2,766+18.7% | $3,897-15.7% | $3,169+3.6% |
| Admin fee / account holder | $449 | $556-19.3% | $5,194-91.4% | $479-6.3% |