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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS. CO Service code 15 · EIN 01-0233346 | Recordkeeping | $2,802 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
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 | $17,580 | $80,354-78.1% | $133,975-86.9% | $63,975-72.5% |
| Participation rate | 87.3% | 87.5%-0.2pp | 87.1%+0.3pp | 71.1%+16.2pp |
| Annual return | 8.63% | 13.11%-4.5pp | 29.29%-20.7pp | 48.65%-40.0pp |
| Employer contribution / active EE | $461 | $3,503-86.8% | $5,211-91.2% | $2,182-78.9% |
| Participant deferral / active EE | $3,168 | $5,239-39.5% | $6,282-49.6% | $3,356-5.6% |
| Admin fee / account holder | $12 | $69-82.3% | $9,324-99.9% | $70-82.6% |