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| Provider | Service type | Compensation |
|---|---|---|
OLD NATIONAL WEALTH MANAGEMENT6+ years Service code 27 · EIN 35-1729164 | Advisory (Plan) | $48,955 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $39,179 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
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 | $73,960 | $84,940-12.9% | $111,306-33.6% | $79,389-6.8% |
| Participation rate | 90.2% | 75.9%+14.4pp | 77.3%+12.9pp | 70.7%+19.5pp |
| Annual return | 28.49% | 17.45%+11.0pp | 54.67%-26.2pp | 116.89%-88.4pp |
| Employer contribution / active EE | $2,552 | $1,979+28.9% | $2,732-6.6% | $2,428+5.1% |
| Participant deferral / active EE | $5,182 | $3,889+33.3% | $4,488+15.5% | $4,046+28.1% |
| Admin fee / account holder | $397 | $537-26.1% | $7,966-95.0% | $626-36.6% |