Filed November 20, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS. Service code 15 · EIN 01-0233346 | Recordkeeping | $202,461 |
Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 90-0007886 | Advisory (Plan) | $58,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,173 | $41,850-37.5% | $96,575-72.9% | $101,517-74.2% |
| Participation rate | 31.9% | 58.3%-26.4pp | 69.8%-38.0pp | 74.6%-42.7pp |
| Annual return | 35.58% | 16.51%+19.1pp | 37.79%-2.2pp | 21.00%+14.6pp |
| Employer contribution / active EE | $375 | $929-59.6% | $2,357-84.1% | $2,973-87.4% |
| Participant deferral / active EE | $1,333 | $1,934-31.1% | $3,849-65.4% | $4,873-72.7% |
| Admin fee / account holder | $100 | $73+37.4% | $6,182-98.4% | $139-28.3% |