Filed May 1, 2024
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| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 | Recordkeeping | $7,216 |
Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361 1299 OCEAN AVENUE · SANTA MONICA, CA 90401 | Advisory (Participants) | $5,787 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $52,394 | $112,932-53.6% | $103,065-49.2% | $74,478-29.7% |
| Participation rate | 98.3% | 80.8%+17.6pp | 80.6%+17.8pp | 67.2%+31.1pp |
| Annual return | 15.24% | 23.24%-8.0pp | 23.95%-8.7pp | 1370.56%-1355.3pp |
| Employer contribution / active EE | $2,431 | $4,881-50.2% | $4,675-48.0% | $2,626-7.4% |
| Participant deferral / active EE | $3,410 | $7,279-53.2% | $6,625-48.5% | $4,350-21.6% |
| Admin fee / account holder | $420 | $1,707-75.4% | $9,349-95.5% | $1,946-78.4% |