Filed June 7, 2016
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| Provider | Service type | Compensation |
|---|---|---|
FIRST BANK & TRUST7+ years Service code 26 · EIN 46-6085363 | Advisory (Participants) | $20,492 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,703 | $79,438-58.8% | $106,554-69.3% | $79,389-58.8% |
| Participation rate | 68.5% | 74.2%-5.7pp | 76.1%-7.7pp | 70.7%-2.2pp |
| Annual return | 20.93% | 18.27%+2.7pp | 26.80%-5.9pp | 116.89%-96.0pp |
| Employer contribution / active EE | $13 | $2,235-99.4% | $2,819-99.5% | $2,428-99.5% |
| Participant deferral / active EE | $1,841 | $3,824-51.9% | $4,398-58.1% | $4,046-54.5% |
| Admin fee / account holder | $115 | $523-78.0% | $7,408-98.4% | $626-81.6% |