Filed May 17, 2023
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| Provider | Service type | Compensation |
|---|---|---|
CORNERSTONE ADVISORS ASSET MGMT6+ 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 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $146,709 | $61,473+138.7% | $81,726+79.5% | $73,412+99.8% |
| Participation rate | 93.1% | 72.4%+20.7pp | 72.0%+21.0pp | 72.2%+20.9pp |
| Annual return | 19.31% | 28.26%-8.9pp | 29.49%-10.2pp | 59.30%-40.0pp |
| Employer contribution / active EE | $6,029 | $1,898+217.7% | $4,311+39.8% | $2,234+169.9% |
| Participant deferral / active EE | $5,115 | $3,080+66.1% | $7,108-28.0% | $3,806+34.4% |
| Admin fee / account holder | $450 | $125+258.8% | $5,160-91.3% | $158+185.1% |