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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS COMPANY OF NY Service code 15 · EIN 13-3646501 RETIREMENT PLAN SERVICES · BUFFALO, NY 14201 | Recordkeeping | $228 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $108,901 | $51,466+111.6% | $78,778+38.2% | $62,293+74.8% |
| Participation rate | 48.7% | 59.8%-11.1pp | 69.2%-20.5pp | 69.5%-20.8pp |
| Annual return | 17.06% | 19.96%-2.9pp | 35.62%-18.6pp | 28.90%-11.8pp |
| Employer contribution / active EE | $1,317 | $827+59.1% | $1,986-33.7% | $2,042-35.5% |
| Participant deferral / active EE | $3,126 | $2,147+45.6% | $2,958+5.7% | $3,169-1.4% |
| Admin fee / account holder | $35 | $489-92.9% | $5,134-99.3% | $479-92.8% |