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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $440,506 |
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $17,500 |
WITHUMSMITH+BROWN, PC1 year Service code 27 · EIN 22-2027092 | Advisory (Plan) | $12,695 |
DRISCOLL INSURANCE AGENCY3 years Filed as: THE DRISCOLL AGENCY Service code 23 141 LONG WATER DRIVE · NORWELL, MA 02061 | Insurance services | $8,602 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,845 | $44,626+34.1% | $86,209-30.6% | $80,149-25.3% |
| Participation rate | 97.8% | 63.5%+34.3pp | 69.0%+28.8pp | 72.9%+24.9pp |
| Annual return | 19.76% | 19.61%+0.2pp | 1169.05%-1149.3pp | 40.39%-20.6pp |
| Employer contribution / active EE | $827 | $1,099-24.7% | $2,381-65.3% | $2,977-72.2% |
| Participant deferral / active EE | $4,262 | $2,769+53.9% | $3,986+6.9% | $5,015-15.0% |
| Admin fee / account holder | $307 | $133+130.4% | $6,853-95.5% | $145+111.7% |