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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANC COMPANY Service code 15 · EIN 01-0233346 | Recordkeeping | $2,530 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,375 | $54,679-40.8% | $76,119-57.5% | $74,459-56.5% |
| Participation rate | 61.8% | 60.3%+1.4pp | 69.1%-7.3pp | 67.2%-5.5pp |
| Annual return | 14.56% | 31.90%-17.3pp | 361.25%-346.7pp | 1369.70%-1355.1pp |
| Employer contribution / active EE | $2,304 | $1,781+29.3% | $2,693-14.4% | $2,626-12.3% |
| Participant deferral / active EE | $4,286 | $3,072+39.5% | $4,259+0.6% | $4,350-1.5% |
| Admin fee / account holder | $273 | $2,238-87.8% | $6,421-95.8% | $1,945-86.0% |