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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $970 |
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $220,259 | $88,515+148.8% | $162,185+35.8% | $67,584+225.9% |
| Participation rate | 99.8% | 86.8%+13.0pp | 87.6%+12.2pp | 71.3%+28.5pp |
| Annual return | 20.37% | 27.04%-6.7pp | 115.61%-95.2pp | 378.59%-358.2pp |
| Employer contribution / active EE | $25,185 | $3,563+606.8% | $5,613+348.7% | $2,148+1072.6% |
| Participant deferral / active EE | $7,754 | $5,724+35.5% | $7,297+6.3% | $3,540+119.1% |
| Admin fee / account holder | $135 | $124+9.5% | $10,844-98.8% | $142-4.9% |