Filed April 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14302 | Recordkeeping | $20,118 |
LPL FINANCIAL2 years Filed as: LPL FINANCIAL CORPORATION Service code 27 P.O. BOX 502030 · SAN DIEGO, CA 92150 | Advisory (Plan) | $12,979 |
Service code 13 · EIN 27-0293282 | Contract Administrator | $5,368 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $29,205 | $65,083-55.1% | $143,788-79.7% | $66,930-56.4% |
| Participation rate | 61.1% | 65.2%-4.1pp | 80.3%-19.2pp | 69.8%-8.7pp |
| Annual return | -15.47% | -11.13%-4.3pp | -0.03%-15.4pp | 1.57%-17.0pp |
| Employer contribution / active EE | $1,162 | $2,361-50.8% | $4,952-76.5% | $2,545-54.3% |
| Participant deferral / active EE | $1,590 | $2,920-45.6% | $5,638-71.8% | $4,238-62.5% |
| Admin fee / account holder | $262 | $502-47.9% | $14,675-98.2% | $593-55.9% |