Filed March 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $23,169 |
Filed as: JOHN HANCOCK LIFE INSURANCE U.S.A. Service code 15 · EIN 01-0233346 | Recordkeeping | $1,116 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $16,483 | $25,165-34.5% | $73,550-77.6% | $77,958-78.9% |
| Participation rate | 10.4% | 36.6%-26.2pp | 54.9%-44.5pp | 71.6%-61.3pp |
| Annual return | 16.44% | 18.12%-1.7pp | -15.16%+31.6pp | 20.87%-4.4pp |
| Employer contribution / active EE | $66 | $395-83.3% | $1,219-94.6% | $2,310-97.1% |
| Participant deferral / active EE | $265 | $898-70.5% | $1,804-85.3% | $3,537-92.5% |
| Admin fee / account holder | $76 | $76+0.6% | $2,320-96.7% | $97-21.8% |