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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. NY Service code 15 · EIN 13-3646501 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $65,006 | $75,183-13.5% | $123,894-47.5% | $55,167+17.8% |
| Participation rate | 64.2% | 72.8%-8.6pp | 81.4%-17.2pp | 69.0%-4.8pp |
| Annual return | 9.97% | 19.01%-9.0pp | 47.52%-37.5pp | 169.23%-159.3pp |
| Employer contribution / active EE | $705 | $2,823-75.0% | $4,617-84.7% | $1,963-64.1% |
| Participant deferral / active EE | $4,237 | $5,084-16.7% | $5,984-29.2% | $3,054+38.7% |
| Admin fee / account holder | $67 | $663-89.9% | $8,357-99.2% | $504-86.7% |