Filed December 9, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $323,135 |
GOSSELIN CONSULTING GROUP LLC5+ years Filed as: GOSSELIN CONSULTING GROUP Service code 27 25 BRAINTREE HILL OFFICE PARK · BRAINTREE, MA 02184 | Advisory (Plan) | $40,834 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,353 | $136,266-60.1% | $90,767-40.1% | $77,906-30.2% |
| Participation rate | 77.0% | 86.6%-9.6pp | 75.7%+1.3pp | 73.7%+3.3pp |
| Annual return | -23.21% | -11.32%-11.9pp | -12.16%-11.1pp | 12.16%-35.4pp |
| Employer contribution / active EE | $96 | $4,215-97.7% | $2,922-96.7% | $2,846-96.6% |
| Participant deferral / active EE | $3,777 | $6,353-40.6% | $4,565-17.3% | $4,805-21.4% |
| Admin fee / account holder | $110 | $399-72.4% | $8,445-98.7% | $133-17.1% |