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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $457 |
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).
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 | $24,547 | $99,957-75.4% | $149,745-83.6% | $73,497-66.6% |
| Participation rate | 51.6% | 75.7%-24.1pp | 82.5%-30.9pp | 70.7%-19.1pp |
| Annual return | 21.07% | 53.87%-32.8pp | 276.72%-255.7pp | 28.51%-7.4pp |
| Employer contribution / active EE | $1,489 | $3,191-53.3% | $4,646-68.0% | $2,270-34.4% |
| Participant deferral / active EE | $3,017 | $6,073-50.3% | $6,843-55.9% | $3,740-19.3% |
| Admin fee / account holder | $262 | $551-52.4% | $9,312-97.2% | $513-48.9% |