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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 |
Annual investment return 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $11,108 | $52,967-79.0% | $172,753-93.6% | $65,186-83.0% |
| Participation rate | 91.8% | 66.2%+25.6pp | 82.6%+9.2pp | 70.2%+21.6pp |
| Annual return | 14.04% | 30.12%-16.1pp | 803.00%-789.0pp | 29.39%-15.3pp |
| Employer contribution / active EE | $1,020 | $2,190-53.4% | $5,144-80.2% | $2,177-53.1% |
| Participant deferral / active EE | $947 | $2,471-61.7% | $5,198-81.8% | $3,514-73.0% |
| Admin fee / account holder | $186 | $472-60.6% | $13,956-98.7% | $847-78.1% |