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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, ET9 · BUFFALO, NY 14201 | Recordkeeping | $502 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $45,418 | $62,672-27.5% | $185,117-75.5% | $70,126-35.2% |
| Participation rate | 62.2% | 63.8%-1.6pp | 77.3%-15.1pp | 69.5%-7.4pp |
| Annual return | 33.02% | 40.79%-7.8pp | 40.50%-7.5pp | 73.15%-40.1pp |
| Employer contribution / active EE | $3,228 | $1,753+84.1% | $4,182-22.8% | $2,343+37.8% |
| Participant deferral / active EE | $6,298 | $3,272+92.5% | $5,045+24.8% | $3,332+89.0% |
| Admin fee / account holder | $63 | $3,932-98.4% | $8,159-99.2% | $4,645-98.6% |