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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. Service code 15 · EIN 01-0233346 | Recordkeeping | $84 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $40,485 | $48,313-16.2% | $73,309-44.8% | $52,331-22.6% |
| Participation rate | 53.9% | 68.6%-14.7pp | 74.9%-21.0pp | 68.1%-14.2pp |
| Annual return | 2.40% | 3.85%-1.4pp | 5.67%-3.3pp | 4.54%-2.1pp |
| Employer contribution / active EE | $0 | $1,661-100.0% | $3,237-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $4,635 | $4,189+10.6% | $4,991-7.1% | $3,022+53.4% |
| Admin fee / account holder | $17 | $404-95.9% | $5,635-99.7% | $592-97.2% |