Filed February 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $42,431 |
YARGER WEALTH STRATEGIES LLC5 years Service code 26 · EIN 27-0963800 | Advisory (Participants) | $28,547 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,484 | $52,450+78.2% | $129,384-27.7% | $74,459+25.6% |
| Participation rate | 71.4% | 53.8%+17.6pp | 69.6%+1.8pp | 67.2%+4.2pp |
| Annual return | 10.95% | 15.65%-4.7pp | 9461.77%-9450.8pp | 1369.70%-1358.8pp |
| Employer contribution / active EE | $2,373 | $1,532+54.8% | $4,153-42.9% | $2,626-9.6% |
| Participant deferral / active EE | $5,410 | $2,797+93.4% | $4,166+29.9% | $4,350+24.4% |
| Admin fee / account holder | $368 | $2,636-86.0% | $7,686-95.2% | $1,945-81.1% |