Filed August 12, 2014
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
BENEFIT PLANS ADMIN SERVICES, INC.10+ years Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS Service code 15 · EIN 16-1503696 | Recordkeeping | $42,864 |
US BANK10+ years Filed as: OLD NATIONAL BANCORP Service code 27 ONE MAIN ST. · EVANSVILLE, IN 47708 | Advisory (Plan) | $18,588 |
FIRST MERCHANTS TRUST CO7 years Service code 27 200 E JACKSON ST · MUNCIE, IN 47308 | Advisory (Plan) | $10,637 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,241 | $50,982-68.1% | $154,803-89.5% | $85,563-81.0% |
| Participation rate | 61.9% | 59.8%+2.1pp | 78.1%-16.2pp | 66.0%-4.1pp |
| Annual return | 11.18% | 30.35%-19.2pp | 58.88%-47.7pp | 31.51%-20.3pp |
| Employer contribution / active EE | $389 | $1,708-77.2% | $4,305-91.0% | $2,654-85.3% |
| Participant deferral / active EE | $631 | $2,474-74.5% | $5,540-88.6% | $4,375-85.6% |
| Admin fee / account holder | $209 | $846-75.3% | $14,329-98.5% | $834-75.0% |