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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $375 |
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.
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).
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 | $12,332 | $34,316-64.1% | $74,722-83.5% | $72,975-83.1% |
| Participation rate | 19.0% | 42.4%-23.4pp | 54.5%-35.5pp | 69.5%-50.5pp |
| Annual return | 20.82% | 26.58%-5.8pp | 753.11%-732.3pp | 81.01%-60.2pp |
| Employer contribution / active EE | $69 | $692-90.0% | $1,084-93.6% | $2,440-97.2% |
| Participant deferral / active EE | $530 | $1,272-58.3% | $1,963-73.0% | $3,608-85.3% |
| Admin fee / account holder | $87 | $2,125-95.9% | $3,335-97.4% | $5,124-98.3% |