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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $42 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $5,706 | $34,495-83.5% | $78,676-92.7% | $63,975-91.1% |
| Participation rate | 18.6% | 60.8%-42.2pp | 73.6%-54.9pp | 71.1%-52.5pp |
| Annual return | 112.02% | 11.62%+100.4pp | 62.19%+49.8pp | 48.65%+63.4pp |
| Employer contribution / active EE | $254 | $1,398-81.8% | $2,850-91.1% | $2,182-88.3% |
| Participant deferral / active EE | $543 | $2,100-74.2% | $3,517-84.6% | $3,356-83.8% |
| Admin fee / account holder | $52 | $68-22.9% | $4,510-98.8% | $70-25.6% |