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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $18 |
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.
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 | $22,291 | $48,576-54.1% | $169,452-86.8% | $56,287-60.4% |
| Participation rate | 46.5% | 65.8%-19.3pp | 77.8%-31.3pp | 69.9%-23.4pp |
| Annual return | -8.40% | -2.51%-5.9pp | 1.83%-10.2pp | -9.96%+1.6pp |
| Employer contribution / active EE | $444 | $1,559-71.5% | $4,157-89.3% | $2,111-79.0% |
| Participant deferral / active EE | $2,352 | $3,275-28.2% | $5,277-55.4% | $3,350-29.8% |
| Admin fee / account holder | $23 | $435-94.6% | $9,110-99.7% | $521-95.5% |