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 CO10+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $52,083 |
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 | $136,678 | $80,724+69.3% | $103,333+32.3% | $74,495+83.5% |
| Participation rate | 34.5% | 65.7%-31.2pp | 74.5%-40.0pp | 67.2%-32.7pp |
| Annual return | 12.02% | 27.56%-15.5pp | 24.88%-12.9pp | 1364.94%-1352.9pp |
| Employer contribution / active EE | $679 | $3,157-78.5% | $3,868-82.4% | $2,623-74.1% |
| Participant deferral / active EE | $4,007 | $3,860+3.8% | $5,057-20.8% | $4,346-7.8% |
| Admin fee / account holder | $585 | $2,368-75.3% | $8,355-93.0% | $1,942-69.9% |