Filed January 19, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $356 |
TRICORD ADVISORS INC.2 years Service code 26 · EIN 27-3812714 | Advisory (Participants) | $0 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,919 | $32,865-51.6% | $75,826-79.0% | $56,287-71.7% |
| Participation rate | 32.8% | 53.0%-20.2pp | 68.2%-35.4pp | 69.9%-37.1pp |
| Annual return | -5.20% | -5.01%-0.2pp | 1914.15%-1919.4pp | -9.96%+4.8pp |
| Employer contribution / active EE | $486 | $891-45.4% | $1,913-74.6% | $2,111-77.0% |
| Participant deferral / active EE | $684 | $1,683-59.3% | $2,862-76.1% | $3,350-79.6% |
| Admin fee / account holder | $318 | $185+72.2% | $4,726-93.3% | $521-39.0% |