Filed January 15, 2020
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| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, N.A.4+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $22,672 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $52,996 | $44,873+18.1% | $79,476-33.3% | $56,287-5.8% |
| Participation rate | 33.1% | 68.7%-35.6pp | 73.3%-40.2pp | 69.9%-36.7pp |
| Annual return | -6.34% | 0.81%-7.2pp | 718.21%-724.6pp | -9.96%+3.6pp |
| Employer contribution / active EE | $775 | $2,140-63.8% | $2,800-72.3% | $2,111-63.3% |
| Participant deferral / active EE | $2,041 | $2,746-25.7% | $3,704-44.9% | $3,350-39.1% |
| Admin fee / account holder | $329 | $418-21.5% | $5,113-93.6% | $521-36.9% |