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 | $526 |
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 | $35,029 | $84,236-58.4% | $170,435-79.4% | $70,126-50.0% |
| Participation rate | 97.6% | 70.8%+26.8pp | 83.6%+14.0pp | 69.5%+28.1pp |
| Annual return | 15.83% | 23.06%-7.2pp | 205.94%-190.1pp | 73.15%-57.3pp |
| Employer contribution / active EE | $1,228 | $3,387-63.7% | $5,432-77.4% | $2,343-47.6% |
| Participant deferral / active EE | $2,653 | $3,086-14.0% | $4,939-46.3% | $3,332-20.4% |
| Admin fee / account holder | $176 | $5,698-96.9% | $13,881-98.7% | $4,645-96.2% |