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 10-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 |
|---|---|---|
MIDLAND STATES BANK5+ years Service code 21 · EIN 37-0259550 | Bank Trustee | $27,517 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,264 | $73,638-37.2% | $95,952-51.8% | $73,488-37.0% |
| Participation rate | 56.3% | 76.2%-19.9pp | 77.1%-20.8pp | 70.7%-14.4pp |
| Annual return | 17.48% | 16.78%+0.7pp | 91.61%-74.1pp | 28.51%-11.0pp |
| Employer contribution / active EE | $210 | $1,863-88.7% | $2,541-91.7% | $2,270-90.8% |
| Participant deferral / active EE | $2,132 | $3,617-41.0% | $4,167-48.8% | $3,740-43.0% |
| Admin fee / account holder | $339 | $482-29.6% | $6,795-95.0% | $513-33.9% |