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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 | $1,835 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $17,163 | $78,425-78.1% | $95,956-82.1% | $79,858-78.5% |
| Participation rate | 63.2% | 73.5%-10.3pp | 77.1%-13.9pp | 69.6%-6.5pp |
| Annual return | 9.57% | 19.37%-9.8pp | 91.63%-82.1pp | 31.72%-22.1pp |
| Employer contribution / active EE | $588 | $1,945-69.8% | $2,541-76.9% | $2,471-76.2% |
| Participant deferral / active EE | $1,830 | $3,440-46.8% | $4,167-56.1% | $3,740-51.1% |
| Admin fee / account holder | $97 | $5,622-98.3% | $6,797-98.6% | $5,306-98.2% |