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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $18,914 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903 | Advisory (Participants) | $13,794 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,822 | $54,558-47.2% | $76,002-62.1% | $74,546-61.3% |
| Participation rate | 52.8% | 60.3%-7.5pp | 69.1%-16.3pp | 67.2%-14.4pp |
| Annual return | 10.07% | 31.83%-21.8pp | 360.07%-350.0pp | 1366.03%-1356.0pp |
| Employer contribution / active EE | $256 | $1,778-85.6% | $2,688-90.5% | $2,624-90.2% |
| Participant deferral / active EE | $2,396 | $3,065-21.8% | $4,257-43.7% | $4,347-44.9% |
| Admin fee / account holder | $252 | $2,232-88.7% | $6,414-96.1% | $1,944-87.1% |