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 CO6+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $37,778 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $138,480 | $69,362+99.6% | $101,248+36.8% | $73,488+88.4% |
| Participation rate | 39.7% | 68.4%-28.7pp | 75.8%-36.1pp | 70.7%-31.0pp |
| Annual return | 16.81% | 18.46%-1.7pp | 46.47%-29.7pp | 28.51%-11.7pp |
| Employer contribution / active EE | $613 | $2,628-76.7% | $3,660-83.3% | $2,270-73.0% |
| Participant deferral / active EE | $3,197 | $3,300-3.1% | $4,370-26.9% | $3,740-14.5% |
| Admin fee / account holder | $424 | $704-39.7% | $5,945-92.9% | $513-17.3% |