Filed November 12, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIRST CITIZENS NATIONAL BANK Service code 24 · EIN 62-0201100 | Discretionary Trustee | $106,725 |
PFG1 year Service code 12 · EIN 42-0127290 | Direct payment from the plan; Claims ... | $34,564 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,794 | $111,491-7.8% | $189,545-45.8% | $86,821+18.4% |
| Participation rate | 100.0% | 87.3%+12.7pp | 87.8%+12.2pp | 72.3%+27.7pp |
| Annual return | 19.81% | 83.50%-63.7pp | 555.36%-535.6pp | 97.94%-78.1pp |
| Employer contribution / active EE | $2,240 | $3,951-43.3% | $6,162-63.7% | $2,406-6.9% |
| Participant deferral / active EE | $0 | $6,437-100.0% | $8,220-100.0% | $4,132-100.0% |
| Admin fee / account holder | $310 | $189+64.2% | $12,049-97.4% | $170+82.7% |