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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NY Service code 15 · EIN 13-3646501 | Recordkeeping | $887 |
MERIDIAN WEALTH PARTNERS LLC2 years Service code 26 · EIN 81-5475391 653 SKIPPACK PIKE · BLUE BELL, PA 19422 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $28,984 | $88,122-67.1% | $141,177-79.5% | $67,579-57.1% |
| Participation rate | 42.7% | 76.5%-33.7pp | 82.5%-39.8pp | 71.3%-28.6pp |
| Annual return | 50.20% | 75.40%-25.2pp | 71.40%-21.2pp | 378.56%-328.4pp |
| Employer contribution / active EE | $1,694 | $3,224-47.5% | $4,736-64.2% | $2,148-21.1% |
| Participant deferral / active EE | $3,334 | $5,958-44.0% | $6,710-50.3% | $3,539-5.8% |
| Admin fee / account holder | $13 | $131-89.9% | $10,263-99.9% | $142-90.7% |