Filed February 29, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 13 · EIN 01-0233346 | Contract Administrator | $44,926 |
EDWARD JONES7+ years Service code 27 · EIN 43-0345811 | Advisory (Plan) | $34,389 |
Service code 13 21 SE THIRD STREET, SUITE 500 · EVANSVILLE, IN 47708 | Contract Administrator | $12,853 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $2,751 |
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 | $51,340 | $50,956+0.8% | $96,572-46.8% | $86,821-40.9% |
| Participation rate | 48.9% | 65.2%-16.3pp | 69.8%-20.9pp | 72.3%-23.4pp |
| Annual return | 13.81% | 21.27%-7.5pp | 37.79%-24.0pp | 97.94%-84.1pp |
| Employer contribution / active EE | $1,089 | $1,111-1.9% | $2,357-53.8% | $2,406-54.7% |
| Participant deferral / active EE | $1,864 | $2,954-36.9% | $3,850-51.6% | $4,132-54.9% |
| Admin fee / account holder | $302 | $166+82.1% | $6,183-95.1% | $170+78.3% |