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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $498 |
Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 15 · EIN 23-3044062 | Recordkeeping | $0 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $73,659 | $54,573+35.0% | $90,970-19.0% | $73,497+0.2% |
| Participation rate | 76.5% | 61.2%+15.3pp | 69.0%+7.5pp | 70.7%+5.8pp |
| Annual return | 15.95% | 16.69%-0.7pp | 134.60%-118.6pp | 28.51%-12.6pp |
| Employer contribution / active EE | $253 | $991-74.5% | $2,122-88.1% | $2,270-88.9% |
| Participant deferral / active EE | $1,189 | $2,517-52.8% | $3,373-64.7% | $3,740-68.2% |
| Admin fee / account holder | $400 | $521-23.4% | $5,961-93.3% | $513-22.1% |