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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 | Recordkeeping | $8,186 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,780 | $77,677-74.5% | $109,173-81.9% | $79,391-75.1% |
| Participation rate | 40.4% | 67.8%-27.4pp | 75.9%-35.5pp | 70.7%-30.3pp |
| Annual return | 36.33% | 23.44%+12.9pp | 25.75%+10.6pp | 116.88%-80.6pp |
| Employer contribution / active EE | $385 | $2,798-86.2% | $3,723-89.6% | $2,428-84.1% |
| Participant deferral / active EE | $2,203 | $3,517-37.4% | $4,654-52.7% | $4,046-45.5% |
| Admin fee / account holder | $123 | $732-83.2% | $6,755-98.2% | $627-80.3% |