See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 P O BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $2,389 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,821 | $84,487-73.0% | $125,339-81.8% | $66,914-65.9% |
| Participation rate | 60.8% | 76.4%-15.6pp | 82.4%-21.6pp | 69.8%-9.0pp |
| Annual return | -15.78% | -8.39%-7.4pp | 572.05%-587.8pp | 1.58%-17.4pp |
| Employer contribution / active EE | $2,338 | $3,553-34.2% | $4,814-51.4% | $2,544-8.1% |
| Participant deferral / active EE | $372 | $6,781-94.5% | $7,446-95.0% | $4,237-91.2% |
| Admin fee / account holder | $300 | $685-56.2% | $10,010-97.0% | $593-49.4% |