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| Provider | Service type | Compensation |
|---|---|---|
BUSEY WEALTH MANAGEMENT1 year Filed as: BUSEY BANK Service code 27 · EIN 37-0613731 | Advisory (Plan) | $28,253 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $18,322 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,550 | $73,459-42.1% | $178,449-76.2% | $74,400-42.8% |
| Participation rate | 60.6% | 66.6%-6.0pp | 77.1%-16.5pp | 67.2%-6.6pp |
| Annual return | 13.79% | 17.50%-3.7pp | 27.09%-13.3pp | 1367.51%-1353.7pp |
| Employer contribution / active EE | $1,304 | $2,219-41.2% | $3,951-67.0% | $2,624-50.3% |
| Participant deferral / active EE | $3,203 | $4,515-29.1% | $6,277-49.0% | $4,348-26.3% |
| Admin fee / account holder | $371 | $1,812-79.5% | $10,362-96.4% | $1,944-80.9% |