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| Provider | Service type | Compensation |
|---|---|---|
NATIONAL BANK OF INDIANAPOLIS3+ years Filed as: THE NATIONAL BANK OF INDIANAPOLIS Service code 21 · EIN 35-1536559 | Bank Trustee | $18,525 |
NYHART3+ years Service code 15 · EIN 35-0966414 | Recordkeeping | $14,252 |
SOMERSET CPAS3+ years Filed as: SOMERSET CPAS, PC Service code 10 · EIN 20-1717681 | Accounting | $10,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $62,165 | $161,470-61.5% | $121,220-48.7% | - |
| Participation rate | 89.9% | 52.1%+37.8pp | 71.8%+18.1pp | - |
| Annual return | 9.72% | -4.08%+13.8pp | 16.94%-7.2pp | - |
| Employer contribution / active EE | $973 | $1,032-5.7% | $4,023-75.8% | - |
| Participant deferral / active EE | $1,912 | $1,577+21.2% | $3,345-42.9% | - |
| Admin fee / account holder | $404 | $10,656-96.2% | $5,021-91.9% | - |