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| Provider | Service type | Compensation |
|---|---|---|
PROVENANCE WEALTH ADVISORS5+ years Service code 26 · EIN 65-0978008 515 EAST LAS OLAS BLVD. · FT. LAUDERDALE, FL 33301 | Advisory (Participants) | $21,699 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO.USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $3,401 |
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 | $23,207 | $41,150-43.6% | $80,607-71.2% | $71,495-67.5% |
| Participation rate | 77.3% | 50.3%+27.1pp | 67.0%+10.3pp | 67.9%+9.4pp |
| Annual return | 20.63% | 38.48%-17.8pp | 936.11%-915.5pp | 28.85%-8.2pp |
| Employer contribution / active EE | $1,156 | $1,515-23.7% | $2,724-57.6% | $2,589-55.4% |
| Participant deferral / active EE | $3,643 | $2,701+34.8% | $4,448-18.1% | $4,291-15.1% |
| Admin fee / account holder | $318 | $1,841-82.8% | $5,379-94.1% | $1,588-80.0% |