Filed March 16, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 17 · EIN 38-3220894 | Pension Consulting | $11,829 |
CHAPNICK & CHAPNICK, P.C.2+ years Service code 10 · EIN 38-1908496 | Accounting | $5,323 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $3,542 |
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 | $72,366 | $63,905+13.2% | $74,184-2.4% | $57,658+25.5% |
| Participation rate | 57.3% | 79.8%-22.4pp | 76.6%-19.3pp | 70.2%-12.9pp |
| Annual return | 2.21% | 60.60%-58.4pp | 17.74%-15.5pp | 5.13%-2.9pp |
| Employer contribution / active EE | $1,796 | $1,840-2.4% | $2,370-24.2% | $1,974-9.0% |
| Participant deferral / active EE | $2,923 | $3,448-15.2% | $3,550-17.6% | $3,061-4.5% |
| Admin fee / account holder | $56 | $91-38.3% | $5,586-99.0% | $95-40.6% |