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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 150 N COLLEGE ST · CHARLOTTE, NC 28202 | Advisory (Participants) | $9,804 |
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 13-3646501 100 SUMMIT LAKE DRIVE · VALHALLA, NY 10595 | Recordkeeping | $5,002 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,295 | $60,393-51.5% | $81,820-64.2% | $74,429-60.6% |
| Participation rate | 49.5% | 62.9%-13.4pp | 72.4%-22.9pp | 67.2%-17.7pp |
| Annual return | 11.93% | 16.89%-5.0pp | 777.93%-766.0pp | 1368.38%-1356.4pp |
| Employer contribution / active EE | $267 | $2,626-89.8% | $2,915-90.9% | $2,625-89.8% |
| Participant deferral / active EE | $2,010 | $3,397-40.8% | $4,323-53.5% | $4,348-53.8% |
| Admin fee / account holder | $367 | $1,491-75.4% | $7,391-95.0% | $1,944-81.1% |