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| Provider | Service type | Compensation |
|---|---|---|
QBI, LLC4 years Service code 14 · EIN 26-2768667 21031 VENTURA BLVD., 12TH FLOOR · WOODLAND HILLS, CA 91364 | Plan Administrator | $5,846 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $534 |
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 | $128,123 | $69,383+84.7% | $101,275+26.5% | $73,497+74.3% |
| Participation rate | 60.2% | 68.4%-8.1pp | 75.8%-15.6pp | 70.7%-10.4pp |
| Annual return | 21.63% | 18.46%+3.2pp | 46.48%-24.9pp | 28.51%-6.9pp |
| Employer contribution / active EE | $164 | $2,628-93.8% | $3,660-95.5% | $2,270-92.8% |
| Participant deferral / active EE | $4,801 | $3,301+45.4% | $4,371+9.8% | $3,740+28.4% |
| Admin fee / account holder | $11 | $704-98.4% | $5,948-99.8% | $513-97.9% |