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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $156 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $49,988 | $61,660-18.9% | $80,022-37.5% | $64,173-22.1% |
| Participation rate | 30.2% | 71.7%-41.5pp | 75.8%-45.6pp | 69.6%-39.3pp |
| Annual return | -2.29% | -0.33%-2.0pp | 11.22%-13.5pp | 7.63%-9.9pp |
| Employer contribution / active EE | $0 | $1,810-100.0% | $2,468-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,495 | $2,968-49.6% | $3,686-59.4% | $3,470-56.9% |
| Admin fee / account holder | $64 | $5,417-98.8% | $6,521-99.0% | $4,887-98.7% |