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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $172 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,562 | $88,324-72.2% | $115,038-78.6% | $55,191-55.5% |
| Participation rate | 55.6% | 72.5%-16.9pp | 81.4%-25.8pp | 69.2%-13.6pp |
| Annual return | 264.51% | 6.30%+258.2pp | 26.14%+238.4pp | 10.78%+253.7pp |
| Employer contribution / active EE | $722 | $2,805-74.3% | $4,608-84.3% | $1,899-62.0% |
| Participant deferral / active EE | $2,319 | $5,042-54.0% | $6,026-61.5% | $3,046-23.9% |
| Admin fee / account holder | $3 | $105-97.5% | $8,175-100.0% | $91-97.1% |