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| Provider | Service type | Compensation |
|---|---|---|
LEVEL FOUR ADVISORY SERVICES3 years Service code 26 · EIN 11-3738689 | Advisory (Participants) | $29,600 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,553 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $70,568 | $65,453+7.8% | $86,698-18.6% | $66,938+5.4% |
| Participation rate | 74.0% | 75.5%-1.4pp | 76.6%-2.5pp | 69.8%+4.2pp |
| Annual return | -11.31% | -10.89%-0.4pp | 35.95%-47.3pp | 1.58%-12.9pp |
| Employer contribution / active EE | $0 | $2,154-100.0% | $2,837-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $0 | $4,102-100.0% | $4,656-100.0% | $4,238-100.0% |
| Admin fee / account holder | $688 | $642+7.2% | $7,493-90.8% | $594+15.9% |