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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $492 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $73,273 | $52,884+38.6% | $84,753-13.5% | $55,167+32.8% |
| Participation rate | 58.9% | 67.5%-8.6pp | 76.6%-17.7pp | 69.0%-10.1pp |
| Annual return | 6.33% | 18.03%-11.7pp | 22.78%-16.5pp | 169.23%-162.9pp |
| Employer contribution / active EE | $127 | $2,233-94.3% | $3,574-96.5% | $1,963-93.6% |
| Participant deferral / active EE | $3,359 | $2,644+27.0% | $3,712-9.5% | $3,054+10.0% |
| Admin fee / account holder | $12 | $581-98.0% | $5,333-99.8% | $504-97.7% |