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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 | $204 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $108,303 | $42,548+154.5% | $74,552+45.3% | $56,287+92.4% |
| Participation rate | 47.3% | 60.5%-13.2pp | 69.1%-21.9pp | 69.9%-22.6pp |
| Annual return | -5.47% | 12.40%-17.9pp | 32.53%-38.0pp | -9.96%+4.5pp |
| Employer contribution / active EE | $1,355 | $855+58.5% | $1,961-30.9% | $2,111-35.8% |
| Participant deferral / active EE | $3,373 | $2,277+48.1% | $3,108+8.5% | $3,350+0.7% |
| Admin fee / account holder | $49 | $467-89.4% | $5,060-99.0% | $521-90.5% |