Filed October 29, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $530 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,396 | $77,638-66.0% | $156,551-83.1% | $62,881-58.0% |
| Participation rate | 94.3% | 71.2%+23.1pp | 84.0%+10.3pp | 69.3%+25.0pp |
| Annual return | 5.99% | 50.33%-44.3pp | 32.23%-26.2pp | 20.14%-14.2pp |
| Employer contribution / active EE | $1,192 | $3,444-65.4% | $5,501-78.3% | $2,281-47.7% |
| Participant deferral / active EE | $2,178 | $3,046-28.5% | $4,871-55.3% | $3,203-32.0% |
| Admin fee / account holder | $143 | $5,561-97.4% | $13,028-98.9% | $4,296-96.7% |