Filed December 5, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $308,150 |
WAGNER & ZWERMAN LLP2+ years Service code 10 · EIN 11-2836481 | Accounting | $30,725 |
AXA EQUITABLE LIFE INSURANCE CO2+ years Filed as: AXA ADVISORS, LLC Service code 27 · EIN 13-4071393 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,562 | $26,033-78.6% | $74,577-92.5% | $329,111-98.3% |
| Participation rate | 60.6% | 26.0%+34.7pp | 68.1%-7.5pp | 67.9%-7.2pp |
| Annual return | 9.43% | 33.64%-24.2pp | 20.47%-11.0pp | 16.35%-6.9pp |
| Employer contribution / active EE | $0 | $317-100.0% | $2,525-100.0% | $2,303-100.0% |
| Participant deferral / active EE | $957 | $825+16.0% | $3,458-72.3% | $3,682-74.0% |
| Admin fee / account holder | $13 | $62-79.6% | $4,138-99.7% | $754-98.3% |