Retirement plan

JOHN HANCOCK PENSION PLAN

Name: THE MANUFACTURERS INVESTMENT CORPORATION - JOHN HANCOCK PENSION PLAN (2017) Form 5500
Creator: THE MANUFACTURERS INVESTMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN HANCOCK PENSION PLAN, THE MANUFACTURERS INVESTMENT CORPORATION

THE MANUFACTURERS INVESTMENT CORPORATIONEIN 38-3261832Plan #003PY 2017

200 BERKELEY STREET - BOSTON, MA 02116617-572-6000

Prospect flagsHigh retiree %Failed to provide benefitWind-down / frozen

How to read this page

Total assets (EOY)

$2411.3M

-2.1% from 2016

Total participants

24,864

+0.3% from 2016

Average account balance

No prior year

Annual return

14.28%

-10.98 pp from 2016

Benchmarks

See 35 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants5,000-9,999

Cohort35 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.90B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$87K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

16,705

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.40%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
HEWITT ASSOCIATES LLC3+ years Service code 11 · EIN 36-2235791	Actuarial	$1,173,537
STATE STREET GLOBAL ADVISORS1 year Filed as: STATE STREET BANK Service code 28 STATE STREET FINANCIAL CENTER · BOSTON, MA 02111	Investment Management	$599,973
ALIGHT SOLUTIONS LLC1 year Service code 11 · EIN 82-1061233	Actuarial	$399,757
ERNST & YOUNG LLP3+ years Filed as: ERNST AND YOUNG LLP Service code 10 · EIN 34-6565596	Accounting	$68,854

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1E3B3F3H3J

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$366 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$411,917-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

0.0%0pp

Annual return

14.28%

20.78%-6.5pp

10.36%+3.9pp

16.32%-2.0pp

Employer contribution / active EE

$15,647-100.0%

$37,738-100.0%

$12,766-100.0%

Participant deferral / active EE

$179-100.0%

$137-100.0%

$800-100.0%

Admin fee / account holder

$15,661-100.0%

Provider

Service type

Compensation

HEWITT ASSOCIATES LLC3+ years

Service code 11 · EIN 36-2235791

Actuarial

$1,173,537

STATE STREET GLOBAL ADVISORS1 year

Filed as: STATE STREET BANK

Service code 28

STATE STREET FINANCIAL CENTER · BOSTON, MA 02111

Investment Management

$599,973

ALIGHT SOLUTIONS LLC1 year

Service code 11 · EIN 82-1061233

Actuarial

$399,757

ERNST & YOUNG LLP3+ years

Filed as: ERNST AND YOUNG LLP

Service code 10 · EIN 34-6565596

Accounting

$68,854

JOHN HANCOCK PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN HANCOCK PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion