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| Provider | Service type | Compensation |
|---|---|---|
FIRST MERCHANTS TRUST CO1 year Service code 15 · EIN 35-0508403 | Recordkeeping | $8,105 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $17,065 | $42,548-59.9% | $74,549-77.1% | $56,287-69.7% |
| Participation rate | 41.1% | 60.5%-19.4pp | 69.1%-28.0pp | 69.9%-28.7pp |
| Annual return | -6.15% | 12.40%-18.6pp | 32.53%-38.7pp | -9.96%+3.8pp |
| Employer contribution / active EE | $506 | $855-40.8% | $1,961-74.2% | $2,111-76.0% |
| Participant deferral / active EE | $697 | $2,277-69.4% | $3,108-77.6% | $3,350-79.2% |
| Admin fee / account holder | $169 | $467-63.9% | $5,059-96.7% | $521-67.6% |