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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES INSURANCE GROUP, INC Service code 26 · EIN 59-1237041 800 CARILLON PARKWAY · ST. PETERSBURG, FL 33716 | Advisory (Participants) | $3,905 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $628 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $35,686 | $52,961-32.6% | $172,752-79.3% | $65,185-45.3% |
| Participation rate | 39.2% | 66.2%-27.0pp | 82.6%-43.5pp | 70.2%-31.0pp |
| Annual return | 15.08% | 30.12%-15.0pp | 802.97%-787.9pp | 29.38%-14.3pp |
| Employer contribution / active EE | $842 | $2,190-61.5% | $5,144-83.6% | $2,177-61.3% |
| Participant deferral / active EE | $1,584 | $2,471-35.9% | $5,198-69.5% | $3,514-54.9% |
| Admin fee / account holder | $341 | $472-27.8% | $13,955-97.6% | $847-59.8% |