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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $702 |
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.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,604 | $43,110-73.1% | $156,551-92.6% | $65,292-82.2% |
| Participation rate | 4.0% | 69.3%-65.3pp | 84.0%-80.0pp | 72.4%-68.4pp |
| Annual return | 11.82% | 11.24%+0.6pp | 32.23%-20.4pp | 11.84%0pp |
| Employer contribution / active EE | $0 | $1,702-100.0% | $5,501-100.0% | $2,302-100.0% |
| Participant deferral / active EE | $169 | $2,520-93.3% | $4,871-96.5% | $3,579-95.3% |
| Admin fee / account holder | $39 | $47-17.3% | $13,028-99.7% | $57-31.9% |