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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 | Recordkeeping | $6,894 |
Filed as: JOHN HANCOCK LIFE INS. Service code 15 · EIN 01-0233346 | Recordkeeping | $56 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,368 | $70,475+4.1% | $100,530-27.0% | $79,858-8.1% |
| Participation rate | 54.7% | 73.7%-18.9pp | 79.4%-24.7pp | 69.6%-14.9pp |
| Annual return | 14.75% | 21.90%-7.1pp | 30.89%-16.1pp | 31.72%-17.0pp |
| Employer contribution / active EE | $0 | $2,165-100.0% | $3,418-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $5,899 | $5,181+13.9% | $6,271-5.9% | $3,740+57.7% |
| Admin fee / account holder | $25 | $4,478-99.4% | $8,083-99.7% | $5,306-99.5% |