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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $24 |
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).
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 | $21,462 | $52,639-59.2% | $185,117-88.4% | $62,293-65.5% |
| Participation rate | 41.9% | 63.9%-21.9pp | 77.3%-35.3pp | 69.5%-27.6pp |
| Annual return | 17.61% | 19.57%-2.0pp | 40.50%-22.9pp | 28.90%-11.3pp |
| Employer contribution / active EE | $335 | $1,483-77.4% | $4,182-92.0% | $2,042-83.6% |
| Participant deferral / active EE | $1,731 | $3,097-44.1% | $5,045-65.7% | $3,169-45.4% |
| Admin fee / account holder | $21 | $374-94.5% | $8,159-99.7% | $479-95.7% |