Filed November 22, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 59-3331424 3030 N. ROCKY POINT DRIVE · TAMPA, FL 336075801 | Advisory (Participants) | $28,679 |
Filed as: JOHN HANCOCK LIFE INS CO USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $693 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,417 | $91,517-74.4% | $101,271-76.9% | $73,412-68.1% |
| Participation rate | 77.6% | 73.8%+3.8pp | 75.8%+1.8pp | 72.2%+5.5pp |
| Annual return | 21.81% | 17.17%+4.6pp | 46.48%-24.7pp | 59.30%-37.5pp |
| Employer contribution / active EE | $2,235 | $2,877-22.3% | $3,660-38.9% | $2,234+0.1% |
| Participant deferral / active EE | $4,486 | $3,338+34.4% | $4,371+2.6% | $3,806+17.9% |
| Admin fee / account holder | $147 | $216-31.8% | $5,948-97.5% | $158-6.7% |