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| Provider | Service type | Compensation |
|---|---|---|
QBI, LLC2 years Service code 14 · EIN 26-2768667 21031 VENTURA BLVD., 12TH FLOOR · WOODLAND HILLS, CA 91364 | Plan Administrator | $4,675 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $454 |
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.
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 | $89,460 | $55,449+61.3% | $83,831+6.7% | $56,289+58.9% |
| Participation rate | 60.9% | 68.0%-7.1pp | 76.1%-15.2pp | 69.9%-8.9pp |
| Annual return | -6.35% | -1.38%-5.0pp | 850.99%-857.3pp | -9.96%+3.6pp |
| Employer contribution / active EE | $144 | $2,430-94.1% | $3,631-96.0% | $2,111-93.2% |
| Participant deferral / active EE | $4,072 | $2,935+38.7% | $4,082-0.3% | $3,350+21.5% |
| Admin fee / account holder | $33 | $656-95.0% | $5,479-99.4% | $521-93.8% |