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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $487 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $22,679 | $59,535-61.9% | $90,161-74.8% | $62,293-63.6% |
| Participation rate | 60.3% | 73.0%-12.8pp | 76.9%-16.6pp | 69.5%-9.3pp |
| Annual return | 20.88% | 23.53%-2.6pp | 34.89%-14.0pp | 28.90%-8.0pp |
| Employer contribution / active EE | $1,656 | $1,826-9.3% | $3,318-50.1% | $2,042-18.9% |
| Participant deferral / active EE | $2,406 | $4,639-48.1% | $5,287-54.5% | $3,169-24.1% |
| Admin fee / account holder | $0 | $337-100.0% | $5,943-100.0% | $479-100.0% |