Filed June 22, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 P.O.BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $2,140 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,358 | $88,890-44.5% | $102,423-51.8% | $77,643-36.4% |
| Participation rate | 82.9% | 80.9%+2.0pp | 76.5%+6.4pp | 70.6%+12.4pp |
| Annual return | 20.50% | 24.98%-4.5pp | 29.32%-8.8pp | 31.24%-10.7pp |
| Employer contribution / active EE | $1,741 | $2,698-35.5% | $3,023-42.4% | $2,726-36.1% |
| Participant deferral / active EE | $6,174 | $5,145+20.0% | $5,053+22.2% | $4,647+32.8% |
| Admin fee / account holder | $310 | $235+31.5% | $9,451-96.7% | $430-28.1% |