Filed June 7, 2016
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| Provider | Service type | Compensation |
|---|---|---|
FIRST BANK & TRUST10+ years Service code 26 · EIN 46-6085363 | Advisory (Participants) | $21,780 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,681 | $92,055-67.8% | $106,213-72.1% | $77,643-61.8% |
| Participation rate | 57.3% | 81.0%-23.8pp | 75.3%-18.0pp | 70.6%-13.3pp |
| Annual return | 14.29% | 17.91%-3.6pp | 116.14%-101.8pp | 31.24%-16.9pp |
| Employer contribution / active EE | $0 | $3,367-100.0% | $3,171-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $1,666 | $5,386-69.1% | $5,016-66.8% | $4,647-64.1% |
| Admin fee / account holder | $122 | $219-44.1% | $11,033-98.9% | $430-71.6% |