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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT3 years Filed as: RBC CAPITAL MARKETS CORP Service code 26 · EIN 41-1416330 60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402 | Advisory (Participants) | $26,638 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 | Recordkeeping | $760 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $74,159 | $65,376+13.4% | $87,104-14.9% | $65,185+13.8% |
| Participation rate | 74.2% | 75.3%-1.2pp | 76.9%-2.7pp | 70.2%+4.0pp |
| Annual return | 17.46% | 31.27%-13.8pp | 28.19%-10.7pp | 29.38%-11.9pp |
| Employer contribution / active EE | $568 | $1,822-68.8% | $2,521-77.5% | $2,177-73.9% |
| Participant deferral / active EE | $1,562 | $3,388-53.9% | $4,048-61.4% | $3,514-55.6% |
| Admin fee / account holder | $318 | $520-38.8% | $7,491-95.8% | $847-62.5% |