Filed December 7, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $58 |
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 | $21,047 | $39,798-47.1% | $67,704-68.9% | $59,633-64.7% |
| Participation rate | 62.8% | 57.4%+5.4pp | 67.5%-4.7pp | 68.7%-5.9pp |
| Annual return | -1.88% | 89.94%-91.8pp | 25.41%-27.3pp | 2041.45%-2043.3pp |
| Employer contribution / active EE | $324 | $1,393-76.7% | $2,559-87.3% | $2,203-85.3% |
| Participant deferral / active EE | $5,564 | $2,335+138.3% | $3,585+55.2% | $3,192+74.3% |
| Admin fee / account holder | $38 | $3,212-98.8% | $4,255-99.1% | $4,297-99.1% |