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 & 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,463 | $84,784-71.1% | $98,439-75.1% | $74,419-67.1% |
| Participation rate | 59.2% | 81.5%-22.3pp | 75.2%-15.9pp | 70.7%-11.5pp |
| Annual return | 18.87% | 20.59%-1.7pp | 21.16%-2.3pp | 34.38%-15.5pp |
| Employer contribution / active EE | $0 | $3,364-100.0% | $3,048-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $1,623 | $5,218-68.9% | $4,738-65.7% | $4,528-64.1% |
| Admin fee / account holder | $112 | $204-45.4% | $8,948-98.8% | $348-67.9% |