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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 · EIN 01-0233346 | Recordkeeping | $31,561 |
Filed as: ALLIANT RETIREMENT SERVICES Service code 27 · EIN 33-0785439 | Advisory (Plan) | $27,119 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $58,297 | $78,275-25.5% | $109,188-46.6% | $86,821-32.9% |
| Participation rate | 39.2% | 73.8%-34.6pp | 75.9%-36.6pp | 72.3%-33.1pp |
| Annual return | 84.72% | 19.14%+65.6pp | 25.76%+59.0pp | 97.94%-13.2pp |
| Employer contribution / active EE | $1,277 | $3,105-58.9% | $3,723-65.7% | $2,406-46.9% |
| Participant deferral / active EE | $1,270 | $3,641-65.1% | $4,654-72.7% | $4,132-69.3% |
| Admin fee / account holder | $250 | $198+25.8% | $6,755-96.3% | $170+47.2% |