Filed December 29, 2021
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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $930 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,853 | $81,248-54.6% | $155,509-76.3% | $80,856-54.4% |
| Participation rate | 64.2% | 66.2%-2.1pp | 78.2%-14.0pp | 67.6%-3.5pp |
| Annual return | 12.08% | 33.31%-21.2pp | 64.67%-52.6pp | 35.59%-23.5pp |
| Employer contribution / active EE | $860 | $3,100-72.3% | $4,672-81.6% | $2,755-68.8% |
| Participant deferral / active EE | $3,444 | $3,452-0.2% | $5,626-38.8% | $4,296-19.8% |
| Admin fee / account holder | $408 | $7,997-94.9% | $15,912-97.4% | $6,918-94.1% |