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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $682 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $39,686 | $59,535-33.3% | $90,161-56.0% | $62,293-36.3% |
| Participation rate | 52.5% | 73.0%-20.6pp | 76.9%-24.4pp | 69.5%-17.1pp |
| Annual return | 14.75% | 23.53%-8.8pp | 34.89%-20.1pp | 28.90%-14.2pp |
| Employer contribution / active EE | $288 | $1,826-84.2% | $3,318-91.3% | $2,042-85.9% |
| Participant deferral / active EE | $2,510 | $4,639-45.9% | $5,287-52.5% | $3,169-20.8% |
| Admin fee / account holder | $41 | $337-87.8% | $5,943-99.3% | $479-91.4% |