Filed November 2, 2018
Total covered: 19 employees
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| Provider | Service type | Compensation |
|---|---|---|
TRUST COMPANY OF ILLINOIS3+ years Service code 37 · EIN 36-3880930 1901 BUTTERFIELD ROAD SUITE 1000 · DOWNERS GROVE, IL 60515 | Loan Processing | $17,978 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $24,340 | $80,753-69.9% | $136,298-82.1% | $62,293-60.9% |
| Participation rate | 37.9% | 73.5%-35.7pp | 81.9%-44.1pp | 69.5%-31.7pp |
| Annual return | 19.63% | 35.83%-16.2pp | 5156.27%-5136.6pp | 28.90%-9.3pp |
| Employer contribution / active EE | $852 | $2,884-70.4% | $4,696-81.8% | $2,042-58.3% |
| Participant deferral / active EE | $1,630 | $5,164-68.4% | $6,247-73.9% | $3,169-48.6% |
| Admin fee / account holder | $165 | $525-68.6% | $9,244-98.2% | $479-65.6% |