Filed November 25, 2024 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
FIRSTMERIT BANK1+ years Service code 10 · EIN 34-0220600 | Accounting | $40,479 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $22,807 | $37,117-38.6% | $147,617-84.6% | $55,191-58.7% |
| Participation rate | 57.9% | 63.6%-5.7pp | 84.6%-26.7pp | 69.2%-11.3pp |
| Annual return | -1.67% | 3.44%-5.1pp | 61.98%-63.7pp | 10.78%-12.5pp |
| Employer contribution / active EE | $770 | $1,620-52.5% | $5,564-86.2% | $1,899-59.4% |
| Participant deferral / active EE | $1,309 | $1,985-34.1% | $4,895-73.3% | $3,046-57.0% |
| Admin fee / account holder | $135 | $86+57.7% | $11,612-98.8% | $91+48.6% |