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| Provider | Service type | Compensation |
|---|---|---|
SANFORD ADVISORY SERVICES3+ years Service code 26 · EIN 27-0645757 590 W CENTRE AVE · PORTAGE, MI 49024 | Advisory (Participants) | $10,890 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $732 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $33,804 | $79,523-57.5% | $140,019-75.9% | $56,287-39.9% |
| Participation rate | 75.5% | 85.7%-10.2pp | 87.5%-12.0pp | 69.9%+5.6pp |
| Annual return | -5.09% | 2.39%-7.5pp | 651.15%-656.2pp | -9.96%+4.9pp |
| Employer contribution / active EE | $159 | $3,350-95.2% | $5,605-97.2% | $2,111-92.5% |
| Participant deferral / active EE | $4,395 | $5,129-14.3% | $6,927-36.5% | $3,350+31.2% |
| Admin fee / account holder | $22 | $614-96.5% | $10,705-99.8% | $521-95.9% |