Filed October 29, 2021
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| Provider | Service type | Compensation |
|---|---|---|
MARINER LLC1 year Filed as: MARINER WEALTH ADVISORS LLC Service code 26 · EIN 20-4553256 | Advisory (Participants) | $20,486 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $6,312 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $150 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $61,538 | $81,474-24.5% | $133,959-54.1% | $73,493-16.3% |
| Participation rate | 57.5% | 76.4%-18.9pp | 79.8%-22.4pp | 70.7%-13.2pp |
| Annual return | 87.46% | 19.40%+68.1pp | 45.09%+42.4pp | 28.51%+58.9pp |
| Employer contribution / active EE | $983 | $2,209-55.5% | $3,919-74.9% | $2,270-56.7% |
| Participant deferral / active EE | $2,433 | $3,786-35.7% | $5,047-51.8% | $3,740-34.9% |
| Admin fee / account holder | $335 | $713-53.1% | $8,928-96.3% | $513-34.8% |