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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 | $2,600 |
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 | $31,417 | $66,813-53.0% | $100,535-68.8% | $73,497-57.3% |
| Participation rate | 57.2% | 77.5%-20.2pp | 79.4%-22.2pp | 70.7%-13.4pp |
| Annual return | 20.86% | 25.70%-4.8pp | 30.90%-10.0pp | 28.51%-7.7pp |
| Employer contribution / active EE | $1,198 | $2,147-44.2% | $3,419-65.0% | $2,270-47.2% |
| Participant deferral / active EE | $1,985 | $5,883-66.3% | $6,271-68.4% | $3,740-46.9% |
| Admin fee / account holder | $246 | $512-52.0% | $8,085-97.0% | $513-52.1% |