Filed March 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $86 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $82,641 | $58,726+40.7% | $92,236-10.4% | $62,293+32.7% |
| Participation rate | 40.4% | 68.3%-28.0pp | 76.5%-36.1pp | 69.5%-29.1pp |
| Annual return | 14.11% | 43.62%-29.5pp | 176.29%-162.2pp | 28.90%-14.8pp |
| Employer contribution / active EE | $1,256 | $2,392-47.5% | $3,679-65.9% | $2,042-38.5% |
| Participant deferral / active EE | $1,883 | $2,766-31.9% | $3,897-51.7% | $3,169-40.6% |
| Admin fee / account holder | $192 | $556-65.6% | $5,194-96.3% | $479-60.0% |