Filed October 1, 2015
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
WEALTHPLAN PARTNERS INC7 years Filed as: WEALTHPLAN PARTNERS, INC. Service code 26 · EIN 85-4122522 | Advisory (Participants) | $49,227 |
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $7,286 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $33,442 | $54,245-38.4% | $93,727-64.3% | $77,762-57.0% |
| Participation rate | 82.6% | 63.9%+18.6pp | 68.7%+13.8pp | 70.6%+12.0pp |
| Annual return | 18.72% | 30.58%-11.9pp | 133.83%-115.1pp | 31.27%-12.6pp |
| Employer contribution / active EE | $707 | $1,168-39.5% | $2,421-70.8% | $2,728-74.1% |
| Participant deferral / active EE | $4,297 | $3,144+36.7% | $4,417-2.7% | $4,651-7.6% |
| Admin fee / account holder | $312 | $575-45.7% | $8,292-96.2% | $433-27.9% |