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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 | Recordkeeping | $698 |
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.
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 | $12,675 | $71,802-82.3% | $133,975-90.5% | $57,658-78.0% |
| Participation rate | 97.2% | 85.5%+11.7pp | 87.1%+10.1pp | 70.2%+26.9pp |
| Annual return | 16.79% | 13.51%+3.3pp | 29.29%-12.5pp | 5.13%+11.7pp |
| Employer contribution / active EE | $663 | $3,161-79.0% | $5,211-87.3% | $1,974-66.4% |
| Participant deferral / active EE | $3,245 | $4,606-29.5% | $6,282-48.3% | $3,061+6.0% |
| Admin fee / account holder | $21 | $88-76.1% | $9,324-99.8% | $95-77.8% |