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| Provider | Service type | Compensation |
|---|---|---|
LEE CPA AUDIT GROUP1 year Service code 10 · EIN 81-4637885 | Accounting | $8,250 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $4,777 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,081 | $80,781-50.4% | $102,437-60.9% | $74,478-46.2% |
| Participation rate | 71.3% | 65.7%+5.6pp | 74.5%-3.3pp | 67.2%+4.0pp |
| Annual return | 14.30% | 27.58%-13.3pp | 24.95%-10.6pp | 1370.56%-1356.3pp |
| Employer contribution / active EE | $1,745 | $3,160-44.8% | $3,871-54.9% | $2,626-33.6% |
| Participant deferral / active EE | $4,403 | $3,862+14.0% | $5,060-13.0% | $4,350+1.2% |
| Admin fee / account holder | $400 | $2,372-83.2% | $8,388-95.2% | $1,946-79.5% |