Filed May 17, 2023
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: CORNERSTONE ADVISORS ASSET MAN Service code 26 · EIN 75-3204798 | Advisory (Participants) | $38,800 |
Filed as: JOHN HANCOCK LIFE INS. CO. (U.S.A.) Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $147,148 | $69,823+110.7% | $77,163+90.7% | $74,419+97.7% |
| Participation rate | 97.7% | 70.0%+27.6pp | 69.6%+28.1pp | 70.7%+26.9pp |
| Annual return | 16.26% | 19.98%-3.7pp | 37.87%-21.6pp | 34.38%-18.1pp |
| Employer contribution / active EE | $6,424 | $2,150+198.8% | $2,535+153.4% | $2,637+143.6% |
| Participant deferral / active EE | $6,128 | $3,558+72.3% | $3,833+59.9% | $4,528+35.3% |
| Admin fee / account holder | $568 | $398+42.9% | $5,472-89.6% | $348+63.4% |