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 |
|---|---|---|
1ST SOURCE BANK2 years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $24,341 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,492 | $54,573-27.6% | $90,951-56.6% | $73,488-46.3% |
| Participation rate | 60.8% | 61.2%-0.4pp | 69.0%-8.2pp | 70.7%-9.9pp |
| Annual return | 14.31% | 16.69%-2.4pp | 134.60%-120.3pp | 28.51%-14.2pp |
| Employer contribution / active EE | $1,014 | $991+2.2% | $2,122-52.2% | $2,270-55.4% |
| Participant deferral / active EE | $1,601 | $2,517-36.4% | $3,373-52.5% | $3,740-57.2% |
| Admin fee / account holder | $251 | $521-51.9% | $5,959-95.8% | $513-51.1% |