Filed June 7, 2016
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| Provider | Service type | Compensation |
|---|---|---|
FIRST BANK & TRUST4+ years Service code 26 · EIN 46-6085363 | Advisory (Participants) | $19,223 |
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.
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 | $24,531 | $58,093-57.8% | $80,022-69.3% | $56,289-56.4% |
| Participation rate | 69.0% | 73.6%-4.6pp | 75.8%-6.9pp | 69.9%-0.9pp |
| Annual return | -4.84% | 34.63%-39.5pp | 11.22%-16.1pp | -9.96%+5.1pp |
| Employer contribution / active EE | $0 | $1,933-100.0% | $2,468-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,457 | $3,136-53.5% | $3,686-60.5% | $3,350-56.5% |
| Admin fee / account holder | $98 | $623-84.3% | $6,521-98.5% | $521-81.3% |