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| Provider | Service type | Compensation |
|---|---|---|
MIDLAND STATES BANK3 years Service code 21 · EIN 37-0259550 | Bank Trustee | $25,999 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $33,354 | $59,186-43.6% | $76,768-56.6% | $56,287-40.7% |
| Participation rate | 65.1% | 75.2%-10.1pp | 77.0%-11.9pp | 69.9%-4.8pp |
| Annual return | -7.72% | 6.62%-14.3pp | 2.43%-10.1pp | -9.96%+2.2pp |
| Employer contribution / active EE | $262 | $1,759-85.1% | $2,485-89.5% | $2,111-87.6% |
| Participant deferral / active EE | $2,239 | $3,255-31.2% | $3,852-41.9% | $3,350-33.2% |
| Admin fee / account holder | $324 | $489-33.8% | $6,675-95.1% | $521-37.8% |