Filed May 17, 2023
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| Provider | Service type | Compensation |
|---|---|---|
CORNERSTONE ADVISORS ASSET MGMT2+ years Filed as: CORNERSTONE INSTITUTIONAL Service code 26 · EIN 27-2218037 | Advisory (Participants) | $0 |
Filed as: JOHN HANCOCK LIFE INS. CO. (U.S.A.) Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
Filed as: PARAGON ALLIANCE GROUP, LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $98,739 | $50,106+97.1% | $69,779+41.5% | $57,658+71.2% |
| Participation rate | 80.1% | 70.9%+9.2pp | 71.8%+8.2pp | 70.2%+9.8pp |
| Annual return | 8.29% | 14.58%-6.3pp | 12.99%-4.7pp | 5.13%+3.2pp |
| Employer contribution / active EE | $5,140 | $1,739+195.5% | $2,338+119.8% | $1,974+160.4% |
| Participant deferral / active EE | $3,810 | $2,486+53.3% | $2,931+30.0% | $3,061+24.5% |
| Admin fee / account holder | $0 | $89-100.0% | $4,381-100.0% | $95-100.0% |