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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,757 | $71,873-50.2% | $86,698-58.8% | $68,490-47.8% |
| Participation rate | 51.9% | 72.2%-20.4pp | 76.6%-24.7pp | 67.9%-16.0pp |
| Annual return | -13.67% | 3.54%-17.2pp | 35.96%-49.6pp | -7.85%-5.8pp |
| Employer contribution / active EE | $1,296 | $2,173-40.3% | $2,837-54.3% | $2,597-50.1% |
| Participant deferral / active EE | $2,585 | $3,779-31.6% | $4,656-44.5% | $4,028-35.8% |
| Admin fee / account holder | $6 | $6,110-99.9% | $7,492-99.9% | $5,403-99.9% |