| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 13 · EIN 01-0233346 | Contract Administrator | $608,599 |
ALAN BILLER & ASSOCIATES3+ years Filed as: ALAN D. BILLER & ASSOCIATES, INC. Service code 27 · EIN 94-2854958 | Advisory (Plan) | $30,781 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $52,074 | $104,862-50.3% | $90,161-42.2% | $80,976-35.7% |
| Participation rate | 16.5% | 78.9%-62.4pp | 76.9%-60.3pp | 68.3%-51.7pp |
| Annual return | 19.63% | 20.18%-0.5pp | 34.89%-15.3pp | 22.91%-3.3pp |
| Employer contribution / active EE | $286 | $2,724-89.5% | $3,318-91.4% | $2,402-88.1% |
| Participant deferral / active EE | $545 | $6,098-91.1% | $5,287-89.7% | $3,848-85.9% |
| Admin fee / account holder | $196 | $76+156.6% | $5,943-96.7% | $67+190.1% |