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| Provider | Service type | Compensation |
|---|---|---|
NATIONAL BANK OF INDIANAPOLIS5+ years Filed as: THE NATIONAL BANK OF INDIANAPOLIS Service code 21 · EIN 35-1536559 | Bank Trustee | $17,684 |
NYHART5+ years Service code 15 · EIN 35-0966414 | Recordkeeping | $15,475 |
SOMERSET CPAS5+ 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.
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 | $55,675 | $53,774+3.5% | $134,162-58.5% | $79,852-30.3% |
| Participation rate | 94.6% | 58.8%+35.9pp | 72.2%+22.4pp | 69.6%+25.0pp |
| Annual return | -1.87% | 19.01%-20.9pp | 36.35%-38.2pp | 31.72%-33.6pp |
| Employer contribution / active EE | $738 | $1,322-44.2% | $3,705-80.1% | $2,471-70.2% |
| Participant deferral / active EE | $1,626 | $2,420-32.8% | $3,500-53.6% | $3,740-56.5% |
| Admin fee / account holder | $412 | $3,985-89.7% | $6,685-93.8% | $5,306-92.2% |