Filed April 21, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $152,133 |
SAGEVIEW ADVISORY GROUP, LLC1+ years Service code 27 1920 MAIN STREET · IRVINE, CA 92614 | Advisory (Plan) | $102,819 |
MAYER HOFFMAN MCCANN P.C.1+ years Filed as: MAYER HOFFMAN MCCANN PC Service code 10 · EIN 43-1947695 | Accounting | $34,900 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $70,525 | $87,358-19.3% | $68,612+2.8% | $68,904+2.4% |
| Participation rate | 56.0% | 80.2%-24.2pp | 72.2%-16.2pp | 74.1%-18.1pp |
| Annual return | -5.21% | -3.98%-1.2pp | -4.63%-0.6pp | 1.07%-6.3pp |
| Employer contribution / active EE | $338 | $3,082-89.0% | $2,625-87.1% | $2,540-86.7% |
| Participant deferral / active EE | $2,189 | $4,259-48.6% | $3,311-33.9% | $4,015-45.5% |
| Admin fee / account holder | $82 | $68+21.8% | $5,131-98.4% | $71+15.4% |