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| Provider | Service type | Compensation |
|---|---|---|
1ST SOURCE BANK2 years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601 | Recordkeeping | $15,635 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,467 | $84,482-80.5% | $125,363-86.9% | $66,930-75.4% |
| Participation rate | 95.0% | 76.4%+18.6pp | 82.4%+12.6pp | 69.8%+25.2pp |
| Annual return | -17.17% | -8.49%-8.7pp | 572.15%-589.3pp | 1.57%-18.7pp |
| Employer contribution / active EE | $1,876 | $3,553-47.2% | $4,815-61.0% | $2,545-26.3% |
| Participant deferral / active EE | $3,367 | $6,782-50.4% | $7,447-54.8% | $4,238-20.6% |
| Admin fee / account holder | $109 | $685-84.0% | $10,005-98.9% | $593-81.6% |