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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. COMPANY Service code 15 · EIN 01-0233346 | Recordkeeping | $234 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $64,417 | $80,753-20.2% | $136,298-52.7% | $62,293+3.4% |
| Participation rate | 20.2% | 73.5%-53.3pp | 81.9%-61.7pp | 69.5%-49.3pp |
| Annual return | 19.63% | 35.83%-16.2pp | 5156.27%-5136.6pp | 28.90%-9.3pp |
| Employer contribution / active EE | $759 | $2,884-73.7% | $4,696-83.8% | $2,042-62.8% |
| Participant deferral / active EE | $1,100 | $5,164-78.7% | $6,247-82.4% | $3,169-65.3% |
| Admin fee / account holder | $22 | $525-95.8% | $9,244-99.8% | $479-95.4% |