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| Provider | Service type | Compensation |
|---|---|---|
MACATAWA BANK1 year Service code 15 · EIN 38-3378283 | Recordkeeping | $18,038 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,904 | $54,717-78.2% | $86,216-86.2% | $71,511-83.4% |
| Participation rate | 67.3% | 60.1%+7.2pp | 69.0%-1.7pp | 67.9%-0.7pp |
| Annual return | 18.75% | 20.07%-1.3pp | 1169.42%-1150.7pp | 28.86%-10.1pp |
| Employer contribution / active EE | $714 | $1,267-43.6% | $2,382-70.0% | $2,589-72.4% |
| Participant deferral / active EE | $1,587 | $3,110-49.0% | $3,986-60.2% | $4,291-63.0% |
| Admin fee / account holder | $127 | $1,922-93.4% | $6,853-98.1% | $1,588-92.0% |