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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $64 |
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 | $29,201 | $76,551-61.9% | $123,894-76.4% | $62,881-53.6% |
| Participation rate | 60.4% | 73.0%-12.6pp | 81.4%-21.0pp | 69.3%-8.9pp |
| Annual return | 19.09% | 18.68%+0.4pp | 47.52%-28.4pp | 20.14%-1.1pp |
| Employer contribution / active EE | $691 | $2,882-76.0% | $4,617-85.0% | $2,281-69.7% |
| Participant deferral / active EE | $5,397 | $4,840+11.5% | $5,984-9.8% | $3,203+68.5% |
| Admin fee / account holder | $56 | $4,826-98.8% | $8,357-99.3% | $4,296-98.7% |