Filed January 8, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK TRUST COMPANY LLC Service code 15 · EIN 80-0709115 | Recordkeeping | $62,722 |
Filed as: CORNERSTONE ADV ASSET MGMT, LLC Service code 27 · EIN 75-3204798 | Advisory (Plan) | $54,541 |
Filed as: THE PARAGON ALLIANCE GROUP LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $13,635 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,182 | $65,960+3.4% | $81,882-16.7% | $77,762-12.3% |
| Participation rate | 89.4% | 65.8%+23.6pp | 72.4%+17.0pp | 70.6%+18.8pp |
| Annual return | 11.25% | 26.64%-15.4pp | 779.47%-768.2pp | 31.27%-20.0pp |
| Employer contribution / active EE | $1,734 | $2,375-27.0% | $2,916-40.5% | $2,728-36.4% |
| Participant deferral / active EE | $3,187 | $3,505-9.1% | $4,323-26.3% | $4,651-31.5% |
| Admin fee / account holder | $321 | $526-39.0% | $7,360-95.6% | $433-25.8% |