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 | $48,986 |
Filed as: CORNERSTONE ADV ASSET MGMT, LLC Service code 27 · EIN 75-3204798 | Advisory (Plan) | $42,597 |
Filed as: THE PARAGON ALLIANCE GROUP LLC Service code 17 · EIN 23-3044062 | Pension Consulting | $10,649 |
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 | $65,848 | $52,188+26.2% | $86,656-24.0% | $74,473-11.6% |
| Participation rate | 92.1% | 66.3%+25.8pp | 71.7%+20.4pp | 70.7%+21.4pp |
| Annual return | 16.31% | 44.46%-28.1pp | 593.09%-576.8pp | 34.36%-18.0pp |
| Employer contribution / active EE | $1,719 | $2,282-24.7% | $3,025-43.2% | $2,638-34.9% |
| Participant deferral / active EE | $3,213 | $3,383-5.0% | $4,439-27.6% | $4,530-29.1% |
| Admin fee / account holder | $303 | $319-5.0% | $5,619-94.6% | $347-12.8% |