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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $11,027 |
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.
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 | $20,513 | $84,940-75.9% | $111,306-81.6% | $79,389-74.2% |
| Participation rate | 67.0% | 75.9%-8.9pp | 77.3%-10.4pp | 70.7%-3.8pp |
| Annual return | 12.74% | 17.45%-4.7pp | 54.67%-41.9pp | 116.89%-104.1pp |
| Employer contribution / active EE | $730 | $1,979-63.1% | $2,732-73.3% | $2,428-69.9% |
| Participant deferral / active EE | $2,296 | $3,889-41.0% | $4,488-48.8% | $4,046-43.3% |
| Admin fee / account holder | $119 | $537-77.9% | $7,966-98.5% | $626-81.1% |