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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $24 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $9,004 | $54,364-83.4% | $78,002-88.5% | - |
| Participation rate | 68.7% | 73.9%-5.2pp | 75.5%-6.8pp | - |
| Annual return | 3.13% | 2.71%+0.4pp | 425.99%-422.9pp | - |
| Employer contribution / active EE | $1,243 | $1,328-6.4% | $2,470-49.7% | - |
| Participant deferral / active EE | $1,618 | $2,800-42.2% | $3,497-53.7% | - |
| Admin fee / account holder | $111 | $3,826-97.1% | $5,481-98.0% | - |