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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $22,717 |
SECURITIES AMERICA INC2 years Filed as: BB&T SECURITIES, LLC Service code 26 · EIN 20-5817590 | Advisory (Participants) | $7,837 |
Filed as: WILSHIRE ASSOCIATES INC Service code 26 · EIN 95-2755361 | Advisory (Participants) | $314 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $6,648 | $42,810-84.5% | $169,452-96.1% | $55,725-88.1% |
| Participation rate | 69.8% | 64.7%+5.0pp | 77.8%-8.0pp | 70.9%-1.1pp |
| Annual return | -4.04% | -3.61%-0.4pp | 1.83%-5.9pp | 244.93%-249.0pp |
| Employer contribution / active EE | $418 | $1,402-70.2% | $4,157-89.9% | $2,078-79.9% |
| Participant deferral / active EE | $1,448 | $3,141-53.9% | $5,277-72.6% | $3,356-56.9% |
| Admin fee / account holder | $125 | $106+17.4% | $9,110-98.6% | $115+8.5% |