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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK INSURANCE CO USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $434 |
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.
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 | $24,580 | $35,485-30.7% | $74,552-67.0% | $55,725-55.9% |
| Participation rate | 27.4% | 62.5%-35.1pp | 69.1%-41.7pp | 70.9%-43.5pp |
| Annual return | -4.58% | 0.72%-5.3pp | 32.53%-37.1pp | 244.93%-249.5pp |
| Employer contribution / active EE | $0 | $777-100.0% | $1,961-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $401 | $2,181-81.6% | $3,108-87.1% | $3,356-88.0% |
| Admin fee / account holder | $249 | $114+117.8% | $5,060-95.1% | $115+116.2% |