Filed August 4, 2023 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| 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).
The auditor declined to give an opinion. This is 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% | $83,848-23.1% | $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 | 850.88%-841.0pp | 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% | $5,478-100.0% | $115-100.0% |