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 | $69,453 |
Filed as: CORNERSTONE ADV ASSET MGMT, LLC Service code 27 · EIN 75-3204798 | Advisory (Plan) | $57,879 |
Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $14,470 |
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 | $72,809 | $58,344+24.8% | $98,506-26.1% | $86,821-16.1% |
| Participation rate | 95.1% | 68.4%+26.7pp | 73.3%+21.7pp | 72.3%+22.8pp |
| Annual return | 10.42% | 43.47%-33.0pp | 1494.92%-1484.5pp | 97.94%-87.5pp |
| Employer contribution / active EE | $1,513 | $2,008-24.6% | $2,961-48.9% | $2,406-37.1% |
| Participant deferral / active EE | $2,757 | $3,156-12.6% | $4,277-35.5% | $4,132-33.3% |
| Admin fee / account holder | $362 | $138+162.5% | $5,955-93.9% | $170+113.3% |