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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $911 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,144 | $45,324-75.4% | $122,354-90.9% | $69,631-84.0% |
| Participation rate | 42.0% | 59.9%-18.0pp | 71.6%-29.7pp | 70.7%-28.7pp |
| Annual return | 10.66% | 25.35%-14.7pp | 30.28%-19.6pp | 27571.02%-27560.4pp |
| Employer contribution / active EE | $472 | $1,230-61.6% | $4,051-88.3% | $2,032-76.8% |
| Participant deferral / active EE | $845 | $2,367-64.3% | $3,287-74.3% | $3,224-73.8% |
| Admin fee / account holder | $12 | $87-86.2% | $5,479-99.8% | $110-89.1% |