Filed May 17, 2023
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| Provider | Service type | Compensation |
|---|---|---|
CORNERSTONE ADVISORS ASSET MGMT8+ 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $130,872 | $56,503+131.6% | $69,884+87.3% | $64,819+101.9% |
| Participation rate | 95.8% | 70.5%+25.4pp | 70.5%+25.4pp | 71.5%+24.4pp |
| Annual return | -17.03% | -13.44%-3.6pp | 190.81%-207.8pp | 32.84%-49.9pp |
| Employer contribution / active EE | $6,133 | $2,046+199.7% | $2,560+139.6% | $2,507+144.6% |
| Participant deferral / active EE | $5,848 | $3,389+72.6% | $3,848+52.0% | $4,311+35.7% |
| Admin fee / account holder | $505 | $160+214.7% | $6,266-91.9% | $188+168.6% |