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 CO5+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $36,649 |
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 | $150,571 | $63,114+138.6% | $92,893+62.1% | $65,185+131.0% |
| Participation rate | 41.5% | 68.8%-27.3pp | 76.0%-34.5pp | 70.2%-28.7pp |
| Annual return | 22.25% | 28.75%-6.5pp | 109.41%-87.2pp | 29.38%-7.1pp |
| Employer contribution / active EE | $640 | $2,571-75.1% | $3,653-82.5% | $2,177-70.6% |
| Participant deferral / active EE | $3,388 | $3,108+9.0% | $4,236-20.0% | $3,514-3.6% |
| Admin fee / account holder | $531 | $624-14.8% | $5,794-90.8% | $847-37.3% |