| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,189 |
Service code 26 · EIN 34-1753575 159 CROCKER PARK BLVD · WESTLAKE, OH 44145 | Advisory (Participants) | $0 |
Filed as: SOUDERS FINANCIAL ADVISORS, LLC Service code 26 · EIN 82-4516448 5968 BRIDGE TOWN ROAD · CINCINNATI, OH 43248 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,488 | $102,661-46.9% | $151,634-64.1% | $66,954-18.6% |
| Participation rate | 43.6% | 85.5%-41.9pp | 87.5%-43.9pp | 69.8%-26.2pp |
| Annual return | -15.01% | -10.81%-4.2pp | 3.32%-18.3pp | 1.57%-16.6pp |
| Employer contribution / active EE | $903 | $4,184-78.4% | $6,165-85.4% | $2,545-64.5% |
| Participant deferral / active EE | $2,768 | $6,645-58.3% | $8,363-66.9% | $4,239-34.7% |
| Admin fee / account holder | $517 | $630-18.0% | $11,614-95.5% | $594-12.9% |