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| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK1+ years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $3,565 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $10,491 | $75,832-86.2% | $147,617-92.9% | $59,633-82.4% |
| Participation rate | 97.8% | 71.6%+26.2pp | 84.6%+13.2pp | 68.7%+29.1pp |
| Annual return | 3.45% | 0.37%+3.1pp | 61.98%-58.5pp | 2041.45%-2038.0pp |
| Employer contribution / active EE | $993 | $3,485-71.5% | $5,564-82.1% | $2,203-54.9% |
| Participant deferral / active EE | $1,115 | $3,131-64.4% | $4,895-77.2% | $3,192-65.1% |
| Admin fee / account holder | $29 | $5,986-99.5% | $11,612-99.7% | $4,297-99.3% |