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 | $284 |
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 | $13,119 | $58,888-77.7% | $178,499-92.7% | $73,493-82.1% |
| Participation rate | 47.5% | 66.2%-18.7pp | 81.9%-34.4pp | 70.7%-23.2pp |
| Annual return | 22.20% | 24.86%-2.7pp | 151.10%-128.9pp | 28.51%-6.3pp |
| Employer contribution / active EE | $365 | $2,236-83.7% | $5,011-92.7% | $2,270-83.9% |
| Participant deferral / active EE | $1,464 | $2,568-43.0% | $5,202-71.8% | $3,740-60.8% |
| Admin fee / account holder | $30 | $400-92.6% | $13,986-99.8% | $513-94.2% |