Filed November 2, 2004 (most recent of 3 filings on file)
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 CO2+ years Filed as: FIRST MERCHANTS TRUST COMPANY NA Service code 21 · EIN 35-6412246 | Bank Trustee | $31,159 |
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 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 | $29,897 | $60,165-50.3% | $74,183-59.7% | $55,167-45.8% |
| Participation rate | 59.7% | 74.2%-14.5pp | 76.6%-16.9pp | 69.0%-9.3pp |
| Annual return | 7.55% | 10.00%-2.4pp | 17.74%-10.2pp | 169.23%-161.7pp |
| Employer contribution / active EE | $136 | $1,600-91.5% | $2,370-94.3% | $1,963-93.1% |
| Participant deferral / active EE | $1,692 | $2,973-43.1% | $3,550-52.3% | $3,054-44.6% |
| Admin fee / account holder | $328 | $419-21.8% | $5,586-94.1% | $504-34.9% |