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| Provider | Service type | Compensation |
|---|---|---|
TCF WEALTH MANAGEMENT1 year Service code 15 235 E. MAIN ST. · MIDLAND, MI 48641 | Recordkeeping | $26,781 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $94,517 | $72,269+30.8% | $101,271-6.7% | $79,852+18.4% |
| Participation rate | 54.2% | 68.5%-14.3pp | 75.8%-21.6pp | 69.6%-15.5pp |
| Annual return | 15.46% | 22.29%-6.8pp | 46.48%-31.0pp | 31.72%-16.3pp |
| Employer contribution / active EE | $707 | $2,692-73.7% | $3,660-80.7% | $2,471-71.4% |
| Participant deferral / active EE | $2,312 | $3,282-29.5% | $4,371-47.1% | $3,740-38.2% |
| Admin fee / account holder | $425 | $4,401-90.3% | $5,948-92.9% | $5,306-92.0% |