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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $36,523 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $2,858 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,275 | $41,151+95.1% | $80,648-0.5% | $71,529+12.2% |
| Participation rate | 63.5% | 50.2%+13.3pp | 67.0%-3.5pp | 67.9%-4.4pp |
| Annual return | 15.54% | 38.49%-23.0pp | 937.21%-921.7pp | 28.97%-13.4pp |
| Employer contribution / active EE | $2,676 | $1,513+76.8% | $2,724-1.8% | $2,590+3.3% |
| Participant deferral / active EE | $5,264 | $2,700+94.9% | $4,443+18.5% | $4,291+22.7% |
| Admin fee / account holder | $374 | $1,842-79.7% | $5,382-93.1% | $1,588-76.5% |