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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 | $1,480 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,687 | $58,655-54.5% | $91,994-71.0% | $65,186-59.1% |
| Participation rate | 60.7% | 75.3%-14.6pp | 78.6%-17.9pp | 70.2%-9.5pp |
| Annual return | 24.01% | 33.92%-9.9pp | 69.04%-45.0pp | 29.39%-5.4pp |
| Employer contribution / active EE | $1,237 | $2,080-40.5% | $3,453-64.2% | $2,177-43.2% |
| Participant deferral / active EE | $1,948 | $5,474-64.4% | $5,924-67.1% | $3,514-44.6% |
| Admin fee / account holder | $215 | $434-50.6% | $7,744-97.2% | $847-74.7% |