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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346 | Recordkeeping | $22,632 |
SAGEVIEW ADVISORY GROUP, LLC3 years Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667 | Advisory (Participants) | $18,106 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,264 | $72,303-76.1% | $86,698-80.1% | $64,824-73.4% |
| Participation rate | 63.1% | 80.4%-17.3pp | 76.6%-13.5pp | 71.5%-8.4pp |
| Annual return | -11.74% | 392.77%-404.5pp | 35.96%-47.7pp | 32.84%-44.6pp |
| Employer contribution / active EE | $586 | $2,393-75.5% | $2,837-79.3% | $2,507-76.6% |
| Participant deferral / active EE | $2,944 | $4,660-36.8% | $4,656-36.8% | $4,311-31.7% |
| Admin fee / account holder | $140 | $174-19.7% | $7,492-98.1% | $188-25.7% |