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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $0 |
Employer 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).
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 | $9,401 | $47,977-80.4% | $154,108-93.9% | $56,289-83.3% |
| Participation rate | 90.1% | 66.2%+23.9pp | 83.0%+7.0pp | 69.9%+20.2pp |
| Annual return | -5.44% | 3.54%-9.0pp | 735.21%-740.6pp | -9.96%+4.5pp |
| Employer contribution / active EE | $0 | $2,169-100.0% | $5,298-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,041 | $2,392-56.5% | $5,081-79.5% | $3,350-68.9% |
| Admin fee / account holder | $169 | $438-61.4% | $13,411-98.7% | $521-67.5% |