Filed October 15, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $484 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $12,866 | $31,370-59.0% | $74,577-82.7% | $63,975-79.9% |
| Participation rate | 18.0% | 42.6%-24.5pp | 68.1%-50.1pp | 71.1%-53.1pp |
| Annual return | 18.54% | -105.16%+123.7pp | 20.47%-1.9pp | 48.65%-30.1pp |
| Employer contribution / active EE | $109 | $822-86.8% | $2,525-95.7% | $2,182-95.0% |
| Participant deferral / active EE | $416 | $1,560-73.3% | $3,458-88.0% | $3,356-87.6% |
| Admin fee / account holder | $7 | $77-90.9% | $4,138-99.8% | $70-90.0% |