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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO. Service code 15 · EIN 01-0233346 P. O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $340 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,954 | $83,023-65.1% | $102,437-71.7% | $77,762-62.8% |
| Participation rate | 59.0% | 71.5%-12.5pp | 74.5%-15.5pp | 70.6%-11.6pp |
| Annual return | 15.55% | 19.12%-3.6pp | 24.95%-9.4pp | 31.27%-15.7pp |
| Employer contribution / active EE | $2,326 | $3,552-34.5% | $3,871-39.9% | $2,728-14.7% |
| Participant deferral / active EE | $3,035 | $4,110-26.2% | $5,060-40.0% | $4,651-34.7% |
| Admin fee / account holder | $191 | $639-70.2% | $8,388-97.7% | $433-56.0% |