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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $10,782 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $803 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $35,210 | $42,548-17.2% | $74,552-52.8% | $56,287-37.4% |
| Participation rate | 71.3% | 60.5%+10.8pp | 69.1%+2.2pp | 69.9%+1.5pp |
| Annual return | -3.55% | 12.40%-16.0pp | 32.53%-36.1pp | -9.96%+6.4pp |
| Employer contribution / active EE | $0 | $855-100.0% | $1,961-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,563 | $2,277-31.4% | $3,108-49.7% | $3,350-53.3% |
| Admin fee / account holder | $322 | $467-31.1% | $5,060-93.6% | $521-38.2% |