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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $115,363 |
HUNTINGTON NATIONAL BANK2 years Filed as: THE HUNTINGTON NATIONAL BANK Service code 27 · EIN 31-0966785 41 SOUTH HIGH STREET · COLUMBUS, OH 43215 | Advisory (Plan) | $59,177 |
Filed as: MONROE, SWEERIS & TROMP P. L. C. Service code 10 · EIN 38-2621598 6617 CROSSING DRIVE · GRAND RAPIDS, MI 49508 | Accounting | $17,000 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,957 | $118,337-59.5% | $189,537-74.7% | $93,010-48.4% |
| Participation rate | 72.4% | 89.1%-16.7pp | 87.8%-15.4pp | 73.9%-1.5pp |
| Annual return | 13.94% | 21.77%-7.8pp | 555.34%-541.4pp | 158.70%-144.8pp |
| Employer contribution / active EE | $384 | $4,204-90.9% | $6,161-93.8% | $2,705-85.8% |
| Participant deferral / active EE | $4,187 | $7,123-41.2% | $8,220-49.1% | $4,561-8.2% |
| Admin fee / account holder | $128 | $100+28.9% | $12,048-98.9% | $152-15.3% |