Filed September 29, 2025
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MACATAWA BANK - RETIREMENT PLAN SER Service code 15 · EIN 38-3378283 | Recordkeeping | $100,015 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,473 | $106,236-48.7% | $112,249-51.5% | $64,819-16.0% |
| Participation rate | 37.3% | 71.7%-34.4pp | 75.1%-37.8pp | 71.5%-34.2pp |
| Annual return | -7.82% | -6.02%-1.8pp | 27.48%-35.3pp | 32.84%-40.7pp |
| Employer contribution / active EE | $766 | $3,166-75.8% | $3,636-78.9% | $2,507-69.5% |
| Participant deferral / active EE | $1,578 | $3,785-58.3% | $4,729-66.6% | $4,311-63.4% |
| Admin fee / account holder | $194 | $452-57.0% | $6,412-97.0% | $188+3.4% |