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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 | $45,109-4.3% | $85,240-49.3% | $77,762-44.5% |
| Participation rate | 20.0% | 48.7%-28.6pp | 67.5%-47.5pp | 70.6%-50.6pp |
| Annual return | 19.52% | 79.55%-60.0pp | 66.75%-47.2pp | 31.27%-11.7pp |
| Employer contribution / active EE | $0 | $1,602-100.0% | $2,735-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $1,604 | $2,814-43.0% | $4,527-64.6% | $4,651-65.5% |
| Admin fee / account holder | $141 | $915-84.6% | $6,165-97.7% | $433-67.4% |