Filed December 10, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 27 · EIN 01-0233346 | Advisory (Plan) | $162,835 |
Service code 27 · EIN 43-1451524 | Advisory (Plan) | $140,984 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $118,745 | $128,899-7.9% | $113,168+4.9% | $102,872+15.4% |
| Participation rate | 26.2% | 87.0%-60.8pp | 76.6%-50.3pp | 73.0%-46.8pp |
| Annual return | 13.13% | 15.88%-2.8pp | 24.27%-11.1pp | 19.06%-5.9pp |
| Employer contribution / active EE | $1,853 | $3,713-50.1% | $2,975-37.7% | $3,526-47.5% |
| Participant deferral / active EE | $5,180 | $6,787-23.7% | $5,107+1.4% | $5,535-6.4% |
| Admin fee / account holder | $402 | $129+211.0% | $12,068-96.7% | $292+37.7% |