Filed June 7, 2016
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| Provider | Service type | Compensation |
|---|---|---|
FIRST BANK & TRUST2+ years Service code 26 · EIN 46-6085363 | Advisory (Participants) | $18,286 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,169 | $56,640-57.3% | $78,002-69.0% | $55,167-56.2% |
| Participation rate | 69.2% | 73.3%-4.2pp | 75.5%-6.4pp | 69.0%+0.2pp |
| Annual return | 8.15% | 2868.48%-2860.3pp | 425.99%-417.8pp | 169.23%-161.1pp |
| Employer contribution / active EE | $0 | $1,724-100.0% | $2,470-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,337 | $2,778-51.9% | $3,497-61.8% | $3,054-56.2% |
| Admin fee / account holder | $103 | $467-77.9% | $5,481-98.1% | $504-79.5% |