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| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK3+ years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $23,022 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $12,197 | $55,453-78.0% | $170,435-92.8% | $62,293-80.4% |
| Participation rate | 93.4% | 66.4%+27.0pp | 83.6%+9.8pp | 69.5%+23.9pp |
| Annual return | 10.98% | 21.38%-10.4pp | 205.94%-195.0pp | 28.90%-17.9pp |
| Employer contribution / active EE | $906 | $2,164-58.1% | $5,432-83.3% | $2,042-55.7% |
| Participant deferral / active EE | $995 | $2,303-56.8% | $4,939-79.8% | $3,169-68.6% |
| Admin fee / account holder | $138 | $455-69.7% | $13,881-99.0% | $479-71.2% |