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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS CORP Service code 26 · EIN 41-1416330 60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402 | Advisory (Participants) | $26,259 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 | Recordkeeping | $716 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $65,200 | $59,186+10.2% | $76,768-15.1% | $56,287+15.8% |
| Participation rate | 76.1% | 75.2%+0.9pp | 77.0%-0.9pp | 69.9%+6.3pp |
| Annual return | -5.78% | 6.62%-12.4pp | 2.43%-8.2pp | -9.96%+4.2pp |
| Employer contribution / active EE | $570 | $1,759-67.6% | $2,485-77.1% | $2,111-73.0% |
| Participant deferral / active EE | $1,508 | $3,255-53.7% | $3,852-60.9% | $3,350-55.0% |
| Admin fee / account holder | $312 | $489-36.3% | $6,675-95.3% | $521-40.2% |