Filed February 3, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PENSION ASSURANCE LLP1 year Filed as: THE PENSION STUDIO Service code 15 · EIN 54-2154380 | Recordkeeping | $47,417 |
Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346 | Recordkeeping | $44,267 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $1,212 | $37,245-96.7% | $94,993-98.7% | $77,958-98.4% |
| Participation rate | 85.6% | 56.5%+29.1pp | 73.9%+11.7pp | 71.6%+14.0pp |
| Annual return | 95.92% | 22.72%+73.2pp | 27.14%+68.8pp | 20.87%+75.1pp |
| Employer contribution / active EE | $0 | $894-100.0% | $2,603-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $955 | $1,828-47.8% | $3,317-71.2% | $3,537-73.0% |
| Admin fee / account holder | $21 | $59-64.1% | $4,960-99.6% | $97-78.2% |