Filed June 7, 2016
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| Provider | Service type | Compensation |
|---|---|---|
FIRST BANK & TRUST3+ years Service code 26 · EIN 46-6085363 | Advisory (Participants) | $18,554 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $28,483 | $63,314-55.0% | $91,004-68.7% | $62,293-54.3% |
| Participation rate | 63.9% | 73.3%-9.4pp | 75.6%-11.7pp | 69.5%-5.6pp |
| Annual return | 15.51% | 21.00%-5.5pp | 4.60%+10.9pp | 28.90%-13.4pp |
| Employer contribution / active EE | $0 | $1,807-100.0% | $2,456-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,491 | $2,944-49.3% | $3,548-58.0% | $3,169-52.9% |
| Admin fee / account holder | $107 | $468-77.2% | $5,417-98.0% | $479-77.8% |