Filed January 4, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $6,720 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,707 | $50,860-2.3% | $155,574-68.0% | $77,714-36.0% |
| Participation rate | 60.5% | 63.1%-2.6pp | 78.2%-17.7pp | 70.6%-10.1pp |
| Annual return | 10.24% | 34.86%-24.6pp | 64.87%-54.6pp | 31.26%-21.0pp |
| Employer contribution / active EE | $1,193 | $1,991-40.0% | $4,676-74.5% | $2,727-56.2% |
| Participant deferral / active EE | $2,503 | $2,825-11.4% | $5,629-55.5% | $4,649-46.2% |
| Admin fee / account holder | $240 | $436-45.0% | $15,914-98.5% | $433-44.6% |