Filed August 25, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $16,898 |
Service code 16 24 E COTA ST · SANTA BARBARA, CA 93101 | Consulting | $10,263 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,312 | $122,239-73.6% | $184,203-82.5% | $74,495-56.6% |
| Participation rate | 92.3% | 85.5%+6.9pp | 86.8%+5.5pp | 67.2%+25.1pp |
| Annual return | 16.18% | 19.95%-3.8pp | 28.81%-12.6pp | 1364.94%-1348.8pp |
| Employer contribution / active EE | $790 | $4,537-82.6% | $6,427-87.7% | $2,623-69.9% |
| Participant deferral / active EE | $4,465 | $7,139-37.5% | $9,131-51.1% | $4,346+2.7% |
| Admin fee / account holder | $146 | $1,260-88.4% | $13,901-98.9% | $1,942-92.5% |