Filed April 1, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SVC Service code 15 · EIN 01-0233346 | Recordkeeping | $96,657 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $65,926 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,555 | $106,264-76.0% | $147,117-82.6% | $77,762-67.1% |
| Participation rate | 64.7% | 78.4%-13.7pp | 82.2%-17.4pp | 70.6%-5.9pp |
| Annual return | 19.24% | 56.94%-37.7pp | 420.54%-401.3pp | 31.27%-12.0pp |
| Employer contribution / active EE | $2,034 | $4,074-50.1% | $4,932-58.8% | $2,728-25.4% |
| Participant deferral / active EE | $4,459 | $8,003-44.3% | $8,065-44.7% | $4,651-4.1% |
| Admin fee / account holder | $137 | $334-59.1% | $12,993-98.9% | $433-68.4% |