Filed July 9, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 04-2675571 | Advisory (Plan) | $12,460 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $11,535 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,367 | $84,482-38.0% | $125,363-58.2% | $66,930-21.8% |
| Participation rate | 67.5% | 76.4%-8.9pp | 82.4%-14.9pp | 69.8%-2.3pp |
| Annual return | -32.74% | -8.49%-24.2pp | 572.15%-604.9pp | 1.57%-34.3pp |
| Employer contribution / active EE | $3,263 | $3,553-8.1% | $4,815-32.2% | $2,545+28.2% |
| Participant deferral / active EE | $9,718 | $6,782+43.3% | $7,447+30.5% | $4,238+129.3% |
| Admin fee / account holder | $125 | $685-81.8% | $10,005-98.8% | $593-78.9% |