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| Provider | Service type | Compensation |
|---|---|---|
NATIONAL BANK OF INDIANAPOLIS4+ years Filed as: THE NATIONAL BANK OF INDIANAPOLIS Service code 21 · EIN 35-1536559 | Bank Trustee | $18,361 |
NYHART4+ years Service code 15 · EIN 35-0966414 | Recordkeeping | $12,261 |
SOMERSET CPAS4+ 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.)
Annual investment return 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 | $56,101 | $48,570+15.5% | $130,660-57.1% | $72,975-23.1% |
| Participation rate | 94.3% | 58.6%+35.7pp | 71.7%+22.5pp | 69.5%+24.8pp |
| Annual return | 11.00% | 38.63%-27.6pp | 1709.29%-1698.3pp | 81.01%-70.0pp |
| Employer contribution / active EE | $1,171 | $1,334-12.2% | $4,092-71.4% | $2,440-52.0% |
| Participant deferral / active EE | $2,085 | $2,384-12.5% | $3,603-42.1% | $3,608-42.2% |
| Admin fee / account holder | $348 | $3,549-90.2% | $5,463-93.6% | $5,124-93.2% |