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| Provider | Service type | Compensation |
|---|---|---|
FLORIDA RETIREMENT CONSULTANTS2+ years Service code 13 5503 W WATERS AVE STE 500 · TAMPA, FL 33634 | Contract Administrator | $5,144 |
Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346 | Recordkeeping | $402 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,359 | $52,884-29.4% | $84,753-55.9% | $55,167-32.3% |
| Participation rate | 54.4% | 67.5%-13.1pp | 76.6%-22.2pp | 69.0%-14.6pp |
| Annual return | 6.29% | 18.03%-11.7pp | 22.78%-16.5pp | 169.23%-162.9pp |
| Employer contribution / active EE | $778 | $2,233-65.1% | $3,574-78.2% | $1,963-60.3% |
| Participant deferral / active EE | $2,303 | $2,644-12.9% | $3,712-38.0% | $3,054-24.6% |
| Admin fee / account holder | $57 | $581-90.3% | $5,333-98.9% | $504-88.8% |