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| Provider | Service type | Compensation |
|---|---|---|
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: RETIREMENT PLAN CONCEPTS Service code 14 · EIN 35-2091834 6509 MUTUAL DRIVE · FORT WAYNE, IN 46825 | Plan Administrator | $29,156 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $4,627 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,943 | $86,791-45.9% | $115,038-59.2% | $59,188-20.7% |
| Participation rate | 46.0% | 72.8%-26.8pp | 81.4%-35.3pp | 69.4%-23.4pp |
| Annual return | -3.49% | 4.44%-7.9pp | 26.14%-29.6pp | 5.51%-9.0pp |
| Employer contribution / active EE | $808 | $2,950-72.6% | $4,608-82.5% | $2,098-61.5% |
| Participant deferral / active EE | $1,999 | $5,298-62.3% | $6,026-66.8% | $3,265-38.8% |
| Admin fee / account holder | $9 | $95-90.6% | $8,175-99.9% | $92-90.3% |