Filed February 20, 2025
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: NORTHWESTERN MUTUAL Service code 26 · EIN 39-2018056 | Advisory (Participants) | $58,432 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $1,890 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,127 | $59,417-24.1% | $93,606-51.8% | $74,495-39.4% |
| Participation rate | 52.4% | 59.7%-7.3pp | 68.7%-16.4pp | 67.2%-14.8pp |
| Annual return | 11.77% | 81.83%-70.1pp | 133.20%-121.4pp | 1364.94%-1353.2pp |
| Employer contribution / active EE | $599 | $1,264-52.6% | $2,420-75.3% | $2,623-77.2% |
| Participant deferral / active EE | $2,423 | $3,050-20.6% | $4,411-45.1% | $4,346-44.2% |
| Admin fee / account holder | $392 | $3,021-87.0% | $8,285-95.3% | $1,942-79.8% |