Filed April 5, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO.USA Service code 15 · EIN 01-0233346 | Recordkeeping | $3,553 |
Service code 10 · EIN 59-3560915 | Accounting | $1,424 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,302 | $45,343-42.0% | $150,298-82.5% | $67,986-61.3% |
| Participation rate | 48.7% | 51.9%-3.2pp | 77.8%-29.1pp | 57.2%-8.5pp |
| Annual return | 21.20% | 33.28%-12.1pp | 62.79%-41.6pp | 31.67%-10.5pp |
| Employer contribution / active EE | $796 | $1,462-45.5% | $4,154-80.8% | $2,019-60.6% |
| Participant deferral / active EE | $3,951 | $2,055+92.3% | $5,453-27.5% | $3,358+17.7% |
| Admin fee / account holder | $186 | $2,250-91.7% | $14,116-98.7% | $3,203-94.2% |