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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 | $782 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $22,356 | $61,214-63.5% | $83,327-73.2% | $56,289-60.3% |
| Participation rate | 60.6% | 72.6%-11.9pp | 77.8%-17.1pp | 69.9%-9.2pp |
| Annual return | -5.40% | 0.42%-5.8pp | 10.64%-16.0pp | -9.96%+4.6pp |
| Employer contribution / active EE | $1,355 | $1,925-29.6% | $3,379-59.9% | $2,111-35.8% |
| Participant deferral / active EE | $2,175 | $5,091-57.3% | $5,565-60.9% | $3,350-35.1% |
| Admin fee / account holder | $199 | $512-61.2% | $7,540-97.4% | $521-61.9% |