Filed December 5, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 | Recordkeeping | $351,051 |
AXA EQUITABLE LIFE INSURANCE CO3+ years Filed as: AXA ADVISORS, LLC Service code 27 · EIN 13-4071393 | Advisory (Plan) | $0 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $5,936 | $29,988-80.2% | $81,473-92.7% | $80,976-92.7% |
| Participation rate | 61.4% | 32.0%+29.4pp | 68.0%-6.6pp | 68.3%-6.9pp |
| Annual return | 19.60% | 51.73%-32.1pp | 38.78%-19.2pp | 22.91%-3.3pp |
| Employer contribution / active EE | $26 | $470-94.5% | $2,568-99.0% | $2,402-98.9% |
| Participant deferral / active EE | $879 | $1,209-27.3% | $3,537-75.1% | $3,848-77.1% |
| Admin fee / account holder | $11 | $63-82.2% | $4,561-99.8% | $67-83.4% |