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| Provider | Service type | Compensation |
|---|---|---|
NATIONAL BANK OF INDIANAPOLIS7+ years Filed as: THE NATIONAL BANK OF INDIANAPOLIS Service code 21 · EIN 35-1536559 | Bank Trustee | $31,091 |
NYHART7+ years Service code 15 · EIN 35-0966414 | Recordkeeping | $15,073 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,943 | $46,697+34.8% | $117,533-46.4% | $68,486-8.1% |
| Participation rate | 68.0% | 56.8%+11.2pp | 70.6%-2.6pp | 67.9%+0.1pp |
| Annual return | -12.37% | -14.52%+2.1pp | 29.77%-42.1pp | -7.85%-4.5pp |
| Employer contribution / active EE | $1,921 | $1,506+27.6% | $4,179-54.0% | $2,597-26.0% |
| Participant deferral / active EE | $1,937 | $2,637-26.6% | $4,072-52.4% | $4,028-51.9% |
| Admin fee / account holder | $426 | $4,023-89.4% | $5,647-92.5% | $5,404-92.1% |