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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $1,782 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $18,990 | $80,354-76.4% | $133,975-85.8% | $63,975-70.3% |
| Participation rate | 48.7% | 87.5%-38.8pp | 87.1%-38.4pp | 71.1%-22.4pp |
| Annual return | 22.58% | 13.11%+9.5pp | 29.29%-6.7pp | 48.65%-26.1pp |
| Employer contribution / active EE | $0 | $3,503-100.0% | $5,211-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $2,206 | $5,239-57.9% | $6,282-64.9% | $3,356-34.3% |
| Admin fee / account holder | $6 | $69-90.8% | $9,324-99.9% | $70-90.9% |