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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $14,885 |
Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667 | Advisory (Participants) | $6,056 |
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.
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 | $21,898 | $79,519-72.5% | $95,964-77.2% | $73,412-70.2% |
| Participation rate | 37.0% | 81.2%-44.2pp | 77.1%-40.1pp | 72.2%-35.2pp |
| Annual return | 14.93% | 19.20%-4.3pp | 91.64%-76.7pp | 59.30%-44.4pp |
| Employer contribution / active EE | $0 | $2,048-100.0% | $2,541-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $1,346 | $4,138-67.5% | $4,167-67.7% | $3,806-64.6% |
| Admin fee / account holder | $148 | $184-19.7% | $6,797-97.8% | $158-6.2% |