Filed June 7, 2016
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,703 | $79,428-58.8% | $106,548-69.3% | $79,386-58.8% |
| Participation rate | 68.5% | 74.1%-5.7pp | 76.1%-7.7pp | 70.7%-2.2pp |
| Annual return | 20.93% | 18.27%+2.7pp | 26.80%-5.9pp | 116.85%-95.9pp |
| Employer contribution / active EE | $13 | $2,234-99.4% | $2,819-99.5% | $2,427-99.5% |
| Participant deferral / active EE | $1,841 | $3,823-51.8% | $4,398-58.1% | $4,046-54.5% |
| Admin fee / account holder | $115 | $523-78.0% | $7,407-98.4% | $626-81.6% |