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 | $55,916 |
Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $5,886 |
THE LAMPO GROUP, INC.1 year Filed as: THE LAMPO GROUP Service code 38 1011 REAMS FLEMING BLVD. · FRANKLIN, TN 37064 | Participant Communication | $5,766 |
Filed as: CORNERSTONE ADV ASSET MGMT, LLC Service code 27 · EIN 75-3204798 | Advisory (Plan) | $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 | $65,979 | $52,722+25.1% | $90,461-27.1% | $73,412-10.1% |
| Participation rate | 94.4% | 67.7%+26.7pp | 72.7%+21.8pp | 72.2%+22.3pp |
| Annual return | 15.51% | 20.70%-5.2pp | 1294.76%-1279.3pp | 59.30%-43.8pp |
| Employer contribution / active EE | $1,493 | $1,872-20.2% | $3,264-54.3% | $2,234-33.2% |
| Participant deferral / active EE | $2,393 | $2,810-14.9% | $3,964-39.6% | $3,806-37.1% |
| Admin fee / account holder | $380 | $117+225.5% | $5,617-93.2% | $158+140.9% |