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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $600 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,912 | $64,176-86.1% | $112,263-92.1% | $66,949-86.7% |
| Participation rate | 48.1% | 68.4%-20.3pp | 75.1%-26.9pp | 69.8%-21.7pp |
| Annual return | -17.88% | -13.80%-4.1pp | 27.49%-45.4pp | 1.57%-19.4pp |
| Employer contribution / active EE | $361 | $3,007-88.0% | $3,636-90.1% | $2,545-85.8% |
| Participant deferral / active EE | $1,695 | $3,694-54.1% | $4,729-64.2% | $4,239-60.0% |
| Admin fee / account holder | $136 | $626-78.3% | $6,410-97.9% | $594-77.1% |