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 CO9+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $49,634 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $143,272 | $76,670+86.9% | $96,683+48.2% | $71,457+100.5% |
| Participation rate | 35.7% | 66.6%-30.9pp | 74.3%-38.6pp | 67.9%-32.2pp |
| Annual return | 17.57% | 48.29%-30.7pp | 35.69%-18.1pp | 28.85%-11.3pp |
| Employer contribution / active EE | $708 | $3,031-76.6% | $3,737-81.0% | $2,588-72.6% |
| Participant deferral / active EE | $3,876 | $3,771+2.8% | $4,878-20.5% | $4,289-9.6% |
| Admin fee / account holder | $517 | $2,028-74.5% | $6,730-92.3% | $1,587-67.4% |