Filed January 3, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES FSA Service code 26 · EIN 59-2937883 | Advisory (Participants) | $30,457 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $23,151 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,494 | $61,272-12.7% | $149,673-64.3% | $71,457-25.1% |
| Participation rate | 99.1% | 62.5%+36.6pp | 78.8%+20.3pp | 67.9%+31.1pp |
| Annual return | 19.72% | 35.85%-16.1pp | 134.42%-114.7pp | 28.85%-9.1pp |
| Employer contribution / active EE | $7,776 | $2,378+227.0% | $4,818+61.4% | $2,588+200.5% |
| Participant deferral / active EE | $7,067 | $2,917+142.3% | $5,680+24.4% | $4,289+64.8% |
| Admin fee / account holder | $348 | $1,261-72.4% | $13,210-97.4% | $1,587-78.1% |