See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 9-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $116,474 | $88,890+31.0% | $102,423+13.7% | $77,643+50.0% |
| Participation rate | 41.9% | 80.9%-39.1pp | 76.5%-34.6pp | 70.6%-28.7pp |
| Annual return | 13.17% | 24.98%-11.8pp | 29.32%-16.2pp | 31.24%-18.1pp |
| Employer contribution / active EE | $813 | $2,698-69.9% | $3,023-73.1% | $2,726-70.2% |
| Participant deferral / active EE | $3,305 | $5,145-35.8% | $5,053-34.6% | $4,647-28.9% |
| Admin fee / account holder | $434 | $235+84.5% | $9,451-95.4% | $430+0.9% |