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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,949 | $55,331-53.1% | $81,812-68.3% | $199,593-87.0% |
| Participation rate | 22.5% | 62.5%-40.0pp | 72.3%-49.8pp | 72.0%-49.5pp |
| Annual return | 18.60% | 19.59%-1.0pp | 773.79%-755.2pp | 34.25%-15.6pp |
| Employer contribution / active EE | $707 | $2,101-66.3% | $2,912-75.7% | $3,034-76.7% |
| Participant deferral / active EE | $1,239 | $3,283-62.3% | $4,319-71.3% | $5,087-75.6% |
| Admin fee / account holder | $204 | $346-41.0% | $7,386-97.2% | $269-24.1% |