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| Provider | Service type | Compensation |
|---|---|---|
HORAN SECURITIES INC1 year Filed as: HORAN SECURITIES, INC. Service code 26 · EIN 31-1448612 | Advisory (Participants) | $26,216 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $485 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $59,333 | $99,957-40.6% | $149,745-60.4% | $73,497-19.3% |
| Participation rate | 75.8% | 75.7%+0.1pp | 82.5%-6.7pp | 70.7%+5.1pp |
| Annual return | 17.30% | 53.87%-36.6pp | 276.72%-259.4pp | 28.51%-11.2pp |
| Employer contribution / active EE | $1,314 | $3,191-58.8% | $4,646-71.7% | $2,270-42.1% |
| Participant deferral / active EE | $5,468 | $6,073-10.0% | $6,843-20.1% | $3,740+46.2% |
| Admin fee / account holder | $332 | $551-39.8% | $9,312-96.4% | $513-35.4% |