Filed January 13, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 94-2456320 | Recordkeeping | $15,364 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $7,200 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,949 | $55,694-53.4% | $81,882-68.3% | $200,096-87.0% |
| Participation rate | 22.5% | 62.7%-40.1pp | 72.4%-49.9pp | 72.0%-49.5pp |
| Annual return | 18.60% | 19.59%-1.0pp | 779.47%-760.9pp | 34.26%-15.7pp |
| Employer contribution / active EE | $707 | $2,114-66.6% | $2,916-75.8% | $3,038-76.7% |
| Participant deferral / active EE | $1,239 | $3,299-62.4% | $4,323-71.3% | $5,090-75.7% |
| Admin fee / account holder | $204 | $348-41.4% | $7,360-97.2% | $269-24.2% |