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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $1,537 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,545 | $65,376-79.3% | $87,102-84.4% | $65,185-79.2% |
| Participation rate | 65.4% | 75.3%-10.0pp | 76.9%-11.5pp | 70.2%-4.8pp |
| Annual return | 42.80% | 31.27%+11.5pp | 28.19%+14.6pp | 29.38%+13.4pp |
| Employer contribution / active EE | $831 | $1,822-54.4% | $2,521-67.0% | $2,177-61.8% |
| Participant deferral / active EE | $2,070 | $3,388-38.9% | $4,048-48.9% | $3,514-41.1% |
| Admin fee / account holder | $84 | $520-83.9% | $7,491-98.9% | $847-90.1% |