Filed January 30, 2020 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
FIRST NATIONAL BANK OF OMAHA1+ years Filed as: FIRST NATIONAL BANK OMAHA Service code 19 · EIN 47-0259043 | Securities Custodian | $1,040,567 |
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.)
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 | $77,376 | $63,964+21.0% | $147,618-47.6% | $67,505+14.6% |
| Participation rate | 44.8% | 68.6%-23.8pp | 84.6%-39.8pp | 71.2%-26.4pp |
| Annual return | 12.52% | 9.05%+3.5pp | 61.98%-49.5pp | 6.52%+6.0pp |
| Employer contribution / active EE | $0 | $1,618-100.0% | $5,564-100.0% | $2,173-100.0% |
| Participant deferral / active EE | $3,644 | $2,589+40.8% | $4,895-25.6% | $3,597+1.3% |
| Admin fee / account holder | $343 | $43+702.2% | $11,612-97.0% | $56+511.3% |