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) | $24,761 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $1,504 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,399 | $49,451-18.3% | $79,580-49.2% | $66,938-39.6% |
| Participation rate | 45.1% | 61.3%-16.2pp | 69.5%-24.3pp | 69.8%-24.7pp |
| Annual return | -16.91% | 84.25%-101.2pp | 0.15%-17.1pp | 1.58%-18.5pp |
| Employer contribution / active EE | $463 | $1,266-63.4% | $2,413-80.8% | $2,545-81.8% |
| Participant deferral / active EE | $2,838 | $3,159-10.1% | $3,985-28.8% | $4,238-33.0% |
| Admin fee / account holder | $369 | $595-38.0% | $6,835-94.6% | $594-37.9% |