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| Provider | Service type | Compensation |
|---|---|---|
NATIONAL BANK OF INDIANAPOLIS2+ years Filed as: THE NATIONAL BANK OF INDIANAPOLIS Service code 21 · EIN 35-1536559 | Bank Trustee | $17,896 |
NYHART2+ years Service code 15 · EIN 35-0966414 | Recordkeeping | $11,537 |
SOMERSET CPAS2+ years Filed as: SOMERSET CPAS, PC Service code 10 · EIN 20-1717681 | Accounting | $10,500 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,271 | $201,779-77.1% | $122,354-62.2% | - |
| Participation rate | 100.0% | 56.6%+43.4pp | 71.6%+28.4pp | - |
| Annual return | 13.57% | 8.40%+5.2pp | 30.28%-16.7pp | - |
| Employer contribution / active EE | $1,201 | $824+45.7% | $4,051-70.4% | - |
| Participant deferral / active EE | $1,721 | $2,052-16.1% | $3,287-47.6% | - |
| Admin fee / account holder | $285 | $7,177-96.0% | $5,479-94.8% | - |