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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 | $267 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,368 | $37,446-64.3% | $77,513-82.8% | $79,852-83.3% |
| Participation rate | 16.4% | 41.5%-25.1pp | 54.2%-37.8pp | 69.6%-53.2pp |
| Annual return | 10.75% | 39.76%-29.0pp | 54.81%-44.1pp | 31.72%-21.0pp |
| Employer contribution / active EE | $64 | $637-89.9% | $987-93.5% | $2,471-97.4% |
| Participant deferral / active EE | $384 | $1,261-69.5% | $1,861-79.3% | $3,740-89.7% |
| Admin fee / account holder | $112 | $2,506-95.5% | $2,859-96.1% | $5,306-97.9% |