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| Provider | Service type | Compensation |
|---|---|---|
FIRST MIDWEST BANK1 year Service code 21 · EIN 36-2040807 | Bank Trustee | $6,914 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $41,046 | $65,376-37.2% | $87,104-52.9% | $65,185-37.0% |
| Participation rate | 9.1% | 75.3%-66.2pp | 76.9%-67.8pp | 70.2%-61.1pp |
| Annual return | 20.62% | 31.27%-10.7pp | 28.19%-7.6pp | 29.38%-8.8pp |
| Employer contribution / active EE | $0 | $1,822-100.0% | $2,521-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $388 | $3,388-88.6% | $4,048-90.4% | $3,514-89.0% |
| Admin fee / account holder | $432 | $520-16.9% | $7,491-94.2% | $847-49.0% |