Filed December 7, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 | Advisory (Participants) | $11,526 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $557 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $29,302 | $42,383-30.9% | $76,518-61.7% | $64,173-54.3% |
| Participation rate | 55.3% | 58.1%-2.8pp | 68.0%-12.7pp | 69.6%-14.3pp |
| Annual return | -7.45% | -16.54%+9.1pp | -0.27%-7.2pp | 7.63%-15.1pp |
| Employer contribution / active EE | $640 | $1,563-59.0% | $2,647-75.8% | $2,381-73.1% |
| Participant deferral / active EE | $5,251 | $2,566+104.6% | $3,836+36.9% | $3,470+51.4% |
| Admin fee / account holder | $227 | $3,198-92.9% | $4,849-95.3% | $4,887-95.4% |