Filed October 17, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $41,310 |
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS, LLC. Service code 27 4208 6 FORKS RD. · RALEIGH, NC 27609 | Advisory (Plan) | $18,750 |
CLIFTONLARSONALLEN LLP2 years Filed as: CLIFTON LARSEN ALLEN LLP Service code 10 · EIN 41-0746749 | Accounting | $9,900 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $32,464 | $51,447-36.9% | $104,639-69.0% | $73,412-55.8% |
| Participation rate | 37.5% | 68.2%-30.7pp | 74.1%-36.6pp | 72.2%-34.7pp |
| Annual return | 20.59% | 25.06%-4.5pp | 340.67%-320.1pp | 59.30%-38.7pp |
| Employer contribution / active EE | $500 | $1,441-65.3% | $2,682-81.4% | $2,234-77.6% |
| Participant deferral / active EE | $1,663 | $3,058-45.6% | $3,738-55.5% | $3,806-56.3% |
| Admin fee / account holder | $185 | $122+51.3% | $6,465-97.1% | $158+16.9% |