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 CO5+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $12,710 |
WHITINGER & COMPANY LLC5+ years Service code 10 1100 W WHITE RIVER BLVD · MUNCIE, IN 47303 | Accounting | $10,600 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $23,619 | $65,376-63.9% | $87,100-72.9% | $65,185-63.8% |
| Participation rate | 56.6% | 75.3%-18.8pp | 76.9%-20.3pp | 70.2%-13.6pp |
| Annual return | 19.88% | 31.27%-11.4pp | 28.19%-8.3pp | 29.38%-9.5pp |
| Employer contribution / active EE | $528 | $1,822-71.1% | $2,521-79.1% | $2,177-75.8% |
| Participant deferral / active EE | $1,338 | $3,388-60.5% | $4,049-67.0% | $3,514-61.9% |
| Admin fee / account holder | $324 | $520-37.7% | $7,497-95.7% | $847-61.8% |