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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $400 |
HUNTINGTON NATIONAL BANK1 year Service code 26 · EIN 31-0966785 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $45,812 | $72,620-36.9% | $90,760-49.5% | $66,938-31.6% |
| Participation rate | 54.9% | 73.7%-18.8pp | 75.7%-20.8pp | 69.8%-14.9pp |
| Annual return | -20.34% | -12.28%-8.1pp | -12.16%-8.2pp | 1.58%-21.9pp |
| Employer contribution / active EE | $1,320 | $2,369-44.3% | $2,922-54.8% | $2,545-48.1% |
| Participant deferral / active EE | $3,392 | $3,979-14.7% | $4,565-25.7% | $4,238-20.0% |
| Admin fee / account holder | $193 | $707-72.8% | $8,444-97.7% | $594-67.5% |