Filed April 5, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 10 · EIN 59-3560915 | Accounting | $5,235 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO.USA Service code 15 · EIN 01-0233346 | Recordkeeping | $454 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,946 | $65,092-78.6% | $143,799-90.3% | $66,938-79.2% |
| Participation rate | 52.4% | 65.2%-12.8pp | 80.3%-27.9pp | 69.8%-17.4pp |
| Annual return | -19.51% | -11.14%-8.4pp | -0.04%-19.5pp | 1.58%-21.1pp |
| Employer contribution / active EE | $483 | $2,362-79.5% | $4,952-90.2% | $2,545-81.0% |
| Participant deferral / active EE | $2,057 | $2,920-29.6% | $5,638-63.5% | $4,238-51.5% |
| Admin fee / account holder | $23 | $502-95.4% | $14,677-99.8% | $594-96.1% |