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 | $226 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,748 | $52,961-81.6% | $172,752-94.4% | $65,185-85.0% |
| Participation rate | 47.4% | 66.2%-18.8pp | 82.6%-35.3pp | 70.2%-22.8pp |
| Annual return | 25.39% | 30.12%-4.7pp | 802.97%-777.6pp | 29.38%-4.0pp |
| Employer contribution / active EE | $314 | $2,190-85.7% | $5,144-93.9% | $2,177-85.6% |
| Participant deferral / active EE | $1,391 | $2,471-43.7% | $5,198-73.2% | $3,514-60.4% |
| Admin fee / account holder | $59 | $472-87.6% | $13,955-99.6% | $847-93.1% |