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 | $461,264 |
WAGNER & ZWERMAN LLP1 year Filed as: WAGNER & ZWERMAN, LLP Service code 10 · EIN 11-2836481 | Accounting | $30,000 |
AXA EQUITABLE LIFE INSURANCE CO4+ years Filed as: AXA ADVISORS, LLC Service code 55 · EIN 13-4071393 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $5,205 | $26,810-80.6% | $76,518-93.2% | $73,367-92.9% |
| Participation rate | 61.6% | 34.6%+26.9pp | 68.0%-6.4pp | 69.5%-7.9pp |
| Annual return | -5.90% | 17.04%-22.9pp | -0.27%-5.6pp | 173.45%-179.4pp |
| Employer contribution / active EE | $27 | $503-94.6% | $2,647-99.0% | $2,499-98.9% |
| Participant deferral / active EE | $869 | $1,312-33.8% | $3,836-77.4% | $4,033-78.5% |
| Admin fee / account holder | $14 | $71-80.7% | $4,849-99.7% | $68-80.0% |