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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $40,700 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,190 | $45,031-4.1% | $85,009-49.2% | $77,671-44.4% |
| Participation rate | 20.0% | 48.7%-28.6pp | 67.5%-47.5pp | 70.6%-50.5pp |
| Annual return | 19.52% | 79.22%-59.7pp | 66.47%-46.9pp | 31.21%-11.7pp |
| Employer contribution / active EE | $0 | $1,609-100.0% | $2,728-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $1,604 | $2,807-42.9% | $4,522-64.5% | $4,648-65.5% |
| Admin fee / account holder | $141 | $912-84.5% | $6,153-97.7% | $430-67.2% |