Filed June 7, 2016
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| Provider | Service type | Compensation |
|---|---|---|
FIRST BANK & TRUST9+ years Service code 26 · EIN 46-6085363 | Advisory (Participants) | $21,205 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,463 | $84,784-71.1% | $98,462-75.2% | $74,473-67.2% |
| Participation rate | 59.2% | 81.5%-22.3pp | 75.2%-16.0pp | 70.7%-11.5pp |
| Annual return | 18.87% | 20.59%-1.7pp | 21.17%-2.3pp | 34.36%-15.5pp |
| Employer contribution / active EE | $0 | $3,364-100.0% | $3,049-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $1,623 | $5,218-68.9% | $4,738-65.7% | $4,530-64.2% |
| Admin fee / account holder | $112 | $204-45.4% | $8,875-98.7% | $347-67.8% |