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 CO4+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $35,475 |
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.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $110,467 | $55,449+99.2% | $83,848+31.7% | $56,287+96.3% |
| Participation rate | 42.5% | 68.0%-25.5pp | 76.1%-33.7pp | 69.9%-27.4pp |
| Annual return | -5.96% | -1.38%-4.6pp | 850.88%-856.8pp | -9.96%+4.0pp |
| Employer contribution / active EE | $680 | $2,430-72.0% | $3,631-81.3% | $2,111-67.8% |
| Participant deferral / active EE | $3,519 | $2,935+19.9% | $4,082-13.8% | $3,350+5.1% |
| Admin fee / account holder | $449 | $656-31.5% | $5,478-91.8% | $521-13.8% |