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| Provider | Service type | Compensation |
|---|---|---|
FIRST MERCHANTS TRUST CO6+ years Filed as: FIRST MERCHANTS TRUST COMPANY Service code 15 200 E JACKSON ST · MUNCIE, IN 47305 | Recordkeeping | $15,062 |
WHITINGER & COMPANY LLC6+ years Service code 10 1100 W WHITE RIVER BLVD · MUNCIE, IN 47303 | Accounting | $10,900 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,244 | $73,638-63.0% | $95,964-71.6% | $73,497-62.9% |
| Participation rate | 51.8% | 76.2%-24.3pp | 77.1%-25.3pp | 70.7%-18.9pp |
| Annual return | 12.09% | 16.78%-4.7pp | 91.64%-79.5pp | 28.51%-16.4pp |
| Employer contribution / active EE | $577 | $1,863-69.0% | $2,541-77.3% | $2,270-74.6% |
| Participant deferral / active EE | $1,598 | $3,617-55.8% | $4,167-61.7% | $3,740-57.3% |
| Admin fee / account holder | $382 | $482-20.8% | $6,797-94.4% | $513-25.6% |