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 | $59,600 |
Filed as: CORNERSTONE ADV ASSET MGMT, LLC Service code 27 · EIN 75-3204798 | Advisory (Plan) | $49,667 |
Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $12,417 |
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 | $54,125 | $47,766+13.3% | $82,763-34.6% | $64,824-16.5% |
| Participation rate | 94.6% | 67.7%+26.9pp | 72.6%+22.0pp | 71.5%+23.1pp |
| Annual return | -15.62% | -13.06%-2.6pp | 702.45%-718.1pp | 32.84%-48.5pp |
| Employer contribution / active EE | $1,904 | $2,182-12.7% | $3,008-36.7% | $2,507-24.1% |
| Participant deferral / active EE | $3,132 | $3,332-6.0% | $4,395-28.7% | $4,311-27.4% |
| Admin fee / account holder | $310 | $143+116.6% | $5,325-94.2% | $188+64.8% |