Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK2 years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $66,039 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $116,474 | $89,123+30.7% | $102,460+13.7% | $77,762+49.8% |
| Participation rate | 41.9% | 80.9%-39.1pp | 76.5%-34.6pp | 70.6%-28.7pp |
| Annual return | 13.17% | 25.05%-11.9pp | 29.47%-16.3pp | 31.27%-18.1pp |
| Employer contribution / active EE | $813 | $2,700-69.9% | $3,025-73.1% | $2,728-70.2% |
| Participant deferral / active EE | $3,305 | $5,148-35.8% | $5,056-34.6% | $4,651-28.9% |
| Admin fee / account holder | $434 | $236+84.2% | $9,460-95.4% | $433+0.4% |