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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 26 35 BEDFORD STREET, SUITE 15 · LEXINGTON, MA 02420 | Advisory (Participants) | $16,353 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,778 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $6,287 | $40,522-84.5% | $84,637-92.6% | $67,582-90.7% |
| Participation rate | 90.1% | 51.1%+39.0pp | 68.2%+21.8pp | 71.3%+18.8pp |
| Annual return | 19.47% | 32.72%-13.3pp | 258.82%-239.4pp | 378.57%-359.1pp |
| Employer contribution / active EE | $352 | $1,146-69.3% | $2,653-86.7% | $2,148-83.6% |
| Participant deferral / active EE | $1,279 | $2,132-40.0% | $3,900-67.2% | $3,539-63.9% |
| Admin fee / account holder | $98 | $145-32.8% | $4,914-98.0% | $142-31.4% |