Filed June 8, 2009
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL9 years Filed as: LPL FINANCIAL LLC - RPCP Service code 26 · EIN 04-3046611 | Advisory (Participants) | $20,810 |
BENEFITS2 ADMINISTRATORS LLC2 years Filed as: BENEFITS 2 ADMINISTRATORS LLC Service code 13 · EIN 92-1664169 | Contract Administrator | $4,060 |
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INS CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $24 |
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.
Employer 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,410 | $89,465-44.8% | $165,100-70.1% | $77,762-36.5% |
| Participation rate | 40.8% | 78.6%-37.9pp | 78.6%-37.8pp | 70.6%-29.8pp |
| Annual return | 10.59% | 28.86%-18.3pp | 70.21%-59.6pp | 31.27%-20.7pp |
| Employer contribution / active EE | $856 | $2,565-66.6% | $4,348-80.3% | $2,728-68.6% |
| Participant deferral / active EE | $1,374 | $4,904-72.0% | $6,035-77.2% | $4,651-70.5% |
| Admin fee / account holder | $341 | $340+0.2% | $12,696-97.3% | $433-21.3% |