Filed March 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK (U.S.A.) Service code 15 · EIN 01-0233346 | Recordkeeping | $1,172 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $12,746 | $22,291-42.8% | $69,182-81.6% | $63,975-80.1% |
| Participation rate | 14.9% | 35.3%-20.4pp | 55.1%-40.2pp | 71.1%-56.3pp |
| Annual return | 11.31% | 9.30%+2.0pp | -21.93%+33.2pp | 48.65%-37.3pp |
| Employer contribution / active EE | $88 | $325-73.0% | $1,206-92.7% | $2,182-96.0% |
| Participant deferral / active EE | $337 | $808-58.3% | $1,897-82.2% | $3,356-90.0% |
| Admin fee / account holder | $40 | $73-44.6% | $2,697-98.5% | $70-42.5% |