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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $33,088 | $66,601-50.3% | $92,909-64.4% | $67,579-51.0% |
| Participation rate | 17.5% | 72.5%-55.0pp | 76.0%-58.5pp | 71.3%-53.8pp |
| Annual return | 19.07% | 92.58%-73.5pp | 109.44%-90.4pp | 378.56%-359.5pp |
| Employer contribution / active EE | $0 | $2,775-100.0% | $3,653-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $602 | $3,157-80.9% | $4,238-85.8% | $3,539-83.0% |
| Admin fee / account holder | $78 | $199-61.0% | $5,795-98.7% | $142-45.5% |