Filed August 30, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346 | Recordkeeping | $316,726 |
UBS FINANCIAL SERVICES INC8+ years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $78,000 |
PLANTE & MORAN, PLLC2 years Filed as: PLANTE & MORAN Service code 10 · EIN 38-1357951 | Accounting | $16,250 |
LOGICALIS1 year Filed as: LOGICALIS, INC. Service code 14 · EIN 13-4000122 | Plan Administrator | $10,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,423 | $82,163+21.0% | $125,381-20.7% | $64,819+53.4% |
| Participation rate | 96.4% | 77.9%+18.5pp | 82.4%+14.0pp | 71.5%+24.9pp |
| Annual return | -16.49% | 3.49%-20.0pp | 572.31%-588.8pp | 32.84%-49.3pp |
| Employer contribution / active EE | $3,446 | $3,616-4.7% | $4,815-28.4% | $2,507+37.5% |
| Participant deferral / active EE | $8,386 | $7,175+16.9% | $7,448+12.6% | $4,311+94.5% |
| Admin fee / account holder | $418 | $163+156.4% | $10,007-95.8% | $188+122.8% |