Filed January 2, 2014
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $7,715 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,557 | $53,412-44.7% | $68,509-56.9% | $52,331-43.5% |
| Participation rate | 33.3% | 71.7%-38.3pp | 74.7%-41.4pp | 68.1%-34.8pp |
| Annual return | -4.11% | 3.42%-7.5pp | 8.27%-12.4pp | 4.54%-8.7pp |
| Employer contribution / active EE | $392 | $1,607-75.6% | $2,278-82.8% | $1,882-79.1% |
| Participant deferral / active EE | $1,321 | $2,688-50.8% | $3,382-60.9% | $3,022-56.3% |
| Admin fee / account holder | $118 | $461-74.4% | $5,275-97.8% | $592-80.1% |