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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $1,452 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,844 | $57,921-70.9% | $84,753-80.1% | $57,658-70.8% |
| Participation rate | 63.3% | 72.9%-9.7pp | 76.6%-13.3pp | 70.2%-7.0pp |
| Annual return | 6.46% | 10.24%-3.8pp | 22.78%-16.3pp | 5.13%+1.3pp |
| Employer contribution / active EE | $4,027 | $2,598+55.0% | $3,574+12.7% | $1,974+104.0% |
| Participant deferral / active EE | $763 | $2,742-72.2% | $3,712-79.4% | $3,061-75.1% |
| Admin fee / account holder | $97 | $130-24.8% | $5,333-98.2% | $95+3.1% |