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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,124 |
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.
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 | $56,920 | $67,411-15.6% | $91,004-37.5% | $70,126-18.8% |
| Participation rate | 55.1% | 71.4%-16.3pp | 75.6%-20.5pp | 69.5%-14.4pp |
| Annual return | 18.53% | -40.16%+58.7pp | 4.60%+13.9pp | 73.15%-54.6pp |
| Employer contribution / active EE | $0 | $1,786-100.0% | $2,456-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $1,538 | $2,823-45.5% | $3,548-56.7% | $3,332-53.8% |
| Admin fee / account holder | $74 | $4,236-98.3% | $5,417-98.6% | $4,645-98.4% |