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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346 | Recordkeeping | $36,260 |
FORVIS, LLP3 years Filed as: FORVIS WEALTH ADVISORS, LLC Service code 26 · EIN 43-1815436 | Advisory (Participants) | $25,235 |
FROST, PLLC1 year Service code 10 · EIN 71-0817652 | Accounting | $15,039 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $26,853 | $66,457-59.6% | $81,438-67.0% | $77,671-65.4% |
| Participation rate | 91.1% | 68.7%+22.3pp | 69.5%+21.6pp | 70.6%+20.5pp |
| Annual return | 12.24% | 15.93%-3.7pp | 24.74%-12.5pp | 31.21%-19.0pp |
| Employer contribution / active EE | $867 | $2,159-59.9% | $2,460-64.8% | $2,726-68.2% |
| Participant deferral / active EE | $1,632 | $3,679-55.7% | $3,883-58.0% | $4,648-64.9% |
| Admin fee / account holder | $370 | $583-36.4% | $5,764-93.6% | $430-14.0% |