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 | $100,196 |
Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $11,036 |
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 | $66,687 | $54,237+23.0% | $90,324-26.2% | $67,582-1.3% |
| Participation rate | 91.5% | 68.6%+22.9pp | 73.3%+18.2pp | 71.3%+20.2pp |
| Annual return | 19.30% | 37.27%-18.0pp | 78.15%-58.8pp | 378.57%-359.3pp |
| Employer contribution / active EE | $1,403 | $1,846-24.0% | $2,856-50.9% | $2,148-34.7% |
| Participant deferral / active EE | $2,296 | $2,625-12.5% | $3,885-40.9% | $3,539-35.1% |
| Admin fee / account holder | $304 | $123+146.3% | $5,356-94.3% | $142+113.6% |