Filed October 17, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $62,516 |
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS, LLC. Service code 27 4208 6 FORKS RD. · RALEIGH, NC 27609 | Advisory (Plan) | $18,750 |
CLIFTONLARSONALLEN LLP3 years Filed as: CLIFTON LARSEN ALLEN LLP Service code 10 · EIN 41-0746749 | Accounting | $11,650 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,403 | $52,886-61.4% | $109,907-81.4% | $93,010-78.1% |
| Participation rate | 82.8% | 66.4%+16.4pp | 74.2%+8.6pp | 73.9%+8.9pp |
| Annual return | 37.69% | 16.89%+20.8pp | 29.46%+8.2pp | 158.70%-121.0pp |
| Employer contribution / active EE | $839 | $1,248-32.8% | $2,844-70.5% | $2,705-69.0% |
| Participant deferral / active EE | $2,571 | $2,815-8.7% | $4,047-36.5% | $4,561-43.6% |
| Admin fee / account holder | $100 | $91+10.6% | $6,069-98.3% | $152-33.9% |