Filed December 11, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH FAS & EPS (RIA) Service code 26 · EIN 13-5674085 | Advisory (Participants) | $160,543 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $114,330 |
Filed as: R .J. L. PENSION SERVICES, INC. Service code 15 · EIN 59-3033722 | Recordkeeping | $35,628 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,989 | $119,446-7.1% | $150,045-26.0% | $85,563+29.7% |
| Participation rate | 77.4% | 75.4%+2.0pp | 82.3%-4.9pp | 66.0%+11.4pp |
| Annual return | 16.41% | 23.72%-7.3pp | 62.55%-46.1pp | 31.51%-15.1pp |
| Employer contribution / active EE | $2,224 | $4,078-45.5% | $4,693-52.6% | $2,654-16.2% |
| Participant deferral / active EE | $7,968 | $7,985-0.2% | $7,997-0.4% | $4,375+82.1% |
| Admin fee / account holder | $502 | $548-8.4% | $13,435-96.3% | $834-39.9% |