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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $853 |
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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $26,784 | $50,637-47.1% | $86,582-69.1% | $62,293-57.0% |
| Participation rate | 21.3% | 67.9%-46.6pp | 73.5%-52.3pp | 69.5%-48.2pp |
| Annual return | 14.22% | 20.80%-6.6pp | 965.08%-950.9pp | 28.90%-14.7pp |
| Employer contribution / active EE | $102 | $2,075-95.1% | $2,839-96.4% | $2,042-95.0% |
| Participant deferral / active EE | $814 | $2,611-68.8% | $3,609-77.5% | $3,169-74.3% |
| Admin fee / account holder | $27 | $413-93.4% | $4,904-99.4% | $479-94.3% |