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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $5,900 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $55,160 | $63,905-13.7% | $74,184-25.6% | $57,658-4.3% |
| Participation rate | 69.8% | 79.8%-10.0pp | 76.6%-6.9pp | 70.2%-0.5pp |
| Annual return | 18.18% | 60.60%-42.4pp | 17.74%+0.4pp | 5.13%+13.0pp |
| Employer contribution / active EE | $1,152 | $1,840-37.4% | $2,370-51.4% | $1,974-41.7% |
| Participant deferral / active EE | $3,628 | $3,448+5.2% | $3,550+2.2% | $3,061+18.6% |
| Admin fee / account holder | $18 | $91-80.2% | $5,586-99.7% | $95-80.9% |