Filed December 7, 2021 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 26 | Advisory (Participants) | $13,541 |
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,152 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,299 | $48,046-12.0% | $84,611-50.0% | $72,985-42.0% |
| Participation rate | 56.4% | 57.6%-1.2pp | 68.2%-11.9pp | 69.5%-13.1pp |
| Annual return | 23.69% | 37.38%-13.7pp | 258.74%-235.1pp | 81.00%-57.3pp |
| Employer contribution / active EE | $736 | $1,602-54.1% | $2,652-72.3% | $2,440-69.8% |
| Participant deferral / active EE | $6,274 | $2,680+134.1% | $3,899+60.9% | $3,607+73.9% |
| Admin fee / account holder | $367 | $3,395-89.2% | $4,912-92.5% | $5,124-92.8% |