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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.
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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 |
|---|---|---|
FIRST MERCHANTS TRUST CO10+ years Service code 37 · EIN 35-0508403 | Loan Processing | $39,758 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,661 | $79,171-52.4% | $102,423-63.2% | $74,495-49.4% |
| Participation rate | 39.6% | 74.8%-35.2pp | 76.5%-36.9pp | 67.2%-27.6pp |
| Annual return | 11.23% | 54.93%-43.7pp | 29.32%-18.1pp | 1364.94%-1353.7pp |
| Employer contribution / active EE | $983 | $2,362-58.4% | $3,023-67.5% | $2,623-62.5% |
| Participant deferral / active EE | $1,864 | $4,415-57.8% | $5,053-63.1% | $4,346-57.1% |
| Admin fee / account holder | $321 | $2,001-84.0% | $9,451-96.6% | $1,942-83.5% |