Filed August 12, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346 | Recordkeeping | $75,992 |
Service code 27 444 W 47TH STREET · KANSAS CITY, MO 64112 | Advisory (Plan) | $52,000 |
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.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,642 | $35,485+87.8% | $74,550-10.6% | $55,725+19.6% |
| Participation rate | 32.6% | 62.5%-29.9pp | 69.1%-36.5pp | 70.9%-38.2pp |
| Annual return | 9.12% | 0.72%+8.4pp | 32.53%-23.4pp | 244.93%-235.8pp |
| Employer contribution / active EE | $827 | $777+6.3% | $1,961-57.8% | $2,078-60.2% |
| Participant deferral / active EE | $2,351 | $2,181+7.8% | $3,108-24.4% | $3,356-29.9% |
| Admin fee / account holder | $364 | $114+218.0% | $5,060-92.8% | $115+215.7% |