Filed January 13, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 94-2456320 | Recordkeeping | $29,991 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $1,725 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,326 | $43,113-62.1% | $82,719-80.3% | $77,904-79.0% |
| Participation rate | 24.6% | 63.8%-39.3pp | 72.6%-48.0pp | 73.7%-49.1pp |
| Annual return | -12.37% | 2.60%-15.0pp | 701.18%-713.6pp | 12.21%-24.6pp |
| Employer contribution / active EE | $833 | $1,924-56.7% | $3,009-72.3% | $2,848-70.7% |
| Participant deferral / active EE | $1,397 | $3,057-54.3% | $4,395-68.2% | $4,806-70.9% |
| Admin fee / account holder | $197 | $102+92.5% | $5,329-96.3% | $133+48.5% |