See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
FIRST MERCHANTS TRUST CO1 year Filed as: FIRST MERCHANTS PRIVATE WEALTH ADV Service code 15 · EIN 35-0508403 | Recordkeeping | $5,089 |
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.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,235 | $64,909-27.2% | $82,313-42.6% | $62,292-24.2% |
| Participation rate | 48.6% | 74.9%-26.3pp | 76.9%-28.3pp | 69.5%-20.9pp |
| Annual return | 17.47% | 21.18%-3.7pp | 25.88%-8.4pp | 28.90%-11.4pp |
| Employer contribution / active EE | $0 | $1,676-100.0% | $2,428-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,056 | $3,103-66.0% | $3,706-71.5% | $3,169-66.7% |
| Admin fee / account holder | $36 | $440-91.8% | $5,608-99.4% | $479-92.5% |