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| Provider | Service type | Compensation |
|---|---|---|
PROVENANCE WEALTH ADVISORS6+ years Service code 26 · EIN 65-0978008 515 EAST LAS OLAS BLVD. · FT. LAUDERDALE, FL 33301 | Advisory (Participants) | $30,013 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO.USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $2,116 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $30,336 | $45,119-32.8% | $85,126-64.4% | $74,429-59.2% |
| Participation rate | 81.6% | 49.4%+32.3pp | 67.5%+14.1pp | 67.2%+14.4pp |
| Annual return | 50.34% | 26.28%+24.1pp | 66.63%-16.3pp | 1368.38%-1318.0pp |
| Employer contribution / active EE | $1,285 | $1,460-12.0% | $2,731-52.9% | $2,625-51.0% |
| Participant deferral / active EE | $3,883 | $2,738+41.8% | $4,523-14.2% | $4,348-10.7% |
| Admin fee / account holder | $322 | $2,214-85.5% | $6,160-94.8% | $1,944-83.4% |