Filed August 4, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIRMENT PLAN SERVICE Service code 37 · EIN 01-0233346 | Loan Processing | $20,093 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $64,520 | $56,443+14.3% | $83,831-23.0% | $55,725+15.8% |
| Participation rate | 62.6% | 72.0%-9.4pp | 76.1%-13.5pp | 70.9%-8.2pp |
| Annual return | 9.86% | 393.67%-383.8pp | 850.99%-841.1pp | 244.93%-235.1pp |
| Employer contribution / active EE | $0 | $2,682-100.0% | $3,631-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $4,367 | $2,965+47.3% | $4,082+7.0% | $3,356+30.1% |
| Admin fee / account holder | $0 | $156-100.0% | $5,479-100.0% | $115-100.0% |