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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 | Recordkeeping | $246 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,918 | $63,471-74.9% | $68,808-76.9% | $66,938-76.2% |
| Participation rate | 19.3% | 60.0%-40.7pp | 69.0%-49.7pp | 69.8%-50.5pp |
| Annual return | -9.43% | -8.29%-1.1pp | -6.37%-3.1pp | 1.58%-11.0pp |
| Employer contribution / active EE | $380 | $1,776-78.6% | $2,656-85.7% | $2,545-85.1% |
| Participant deferral / active EE | $612 | $2,946-79.2% | $3,942-84.5% | $4,238-85.6% |
| Admin fee / account holder | $195 | $578-66.3% | $4,936-96.1% | $594-67.2% |