Filed October 11, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $296 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,244 | $47,898+46.7% | $117,498-40.2% | $64,814+8.4% |
| Participation rate | 53.0% | 61.9%-8.9pp | 70.6%-17.7pp | 71.5%-18.5pp |
| Annual return | -8.84% | -15.54%+6.7pp | 29.75%-38.6pp | 32.84%-41.7pp |
| Employer contribution / active EE | $1,922 | $1,774+8.4% | $4,178-54.0% | $2,507-23.3% |
| Participant deferral / active EE | $4,151 | $3,151+31.8% | $4,071+2.0% | $4,310-3.7% |
| Admin fee / account holder | $451 | $132+242.5% | $5,646-92.0% | $188+140.4% |