Filed July 28, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ASSOCIATED TRUST COMPANY, N.A.10+ years Service code 15 · EIN 30-0219031 | Recordkeeping | $343,368 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,202 | $85,660-30.9% | $121,871-51.4% | $85,660-30.9% |
| Participation rate | 90.0% | 74.8%+15.2pp | 73.2%+16.8pp | 74.8%+15.2pp |
| Annual return | 10.57% | 19.52%-8.9pp | 13.57%-3.0pp | 19.52%-8.9pp |
| Employer contribution / active EE | $2,268 | $4,199-46.0% | $2,731-16.9% | $4,199-46.0% |
| Participant deferral / active EE | $3,719 | $3,518+5.7% | $4,318-13.9% | $3,518+5.7% |
| Admin fee / account holder | $179 | $224-20.2% | $11,551-98.5% | $224-20.2% |