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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
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.
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 | $13,043 | $60,165-78.3% | $74,184-82.4% | $55,167-76.4% |
| Participation rate | 57.6% | 74.2%-16.6pp | 76.6%-19.1pp | 69.0%-11.4pp |
| Annual return | 39.78% | 10.00%+29.8pp | 17.74%+22.0pp | 169.23%-129.5pp |
| Employer contribution / active EE | $2,010 | $1,600+25.6% | $2,370-15.2% | $1,963+2.4% |
| Participant deferral / active EE | $3,733 | $2,973+25.6% | $3,550+5.2% | $3,054+22.2% |
| Admin fee / account holder | $69 | $419-83.6% | $5,586-98.8% | $504-86.4% |