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| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK3 years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $29,483 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,182 | $59,220-32.1% | $96,570-58.4% | $79,391-49.4% |
| Participation rate | 59.7% | 61.9%-2.2pp | 69.8%-10.2pp | 70.7%-11.0pp |
| Annual return | 10.38% | 27.08%-16.7pp | 37.79%-27.4pp | 116.88%-106.5pp |
| Employer contribution / active EE | $1,183 | $1,216-2.8% | $2,357-49.8% | $2,428-51.3% |
| Participant deferral / active EE | $1,962 | $2,948-33.5% | $3,849-49.0% | $4,046-51.5% |
| Admin fee / account holder | $272 | $659-58.8% | $6,182-95.6% | $627-56.6% |