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 | $106,247-75.9% | $147,096-82.6% | $77,714-67.1% |
| Participation rate | 64.7% | 78.4%-13.6pp | 82.2%-17.4pp | 70.6%-5.8pp |
| Annual return | 19.24% | 56.87%-37.6pp | 419.75%-400.5pp | 31.26%-12.0pp |
| Employer contribution / active EE | $2,034 | $4,069-50.0% | $4,936-58.8% | $2,727-25.4% |
| Participant deferral / active EE | $4,459 | $7,996-44.2% | $8,071-44.7% | $4,649-4.1% |
| Admin fee / account holder | $137 | $338-59.5% | $13,005-98.9% | $433-68.4% |