Filed September 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURNCE COMPANY Service code 15 · EIN 01-0233346 | Recordkeeping | $3,675 |
Service code 52 | Indirect Investment Fees | $1,005 |
Filed as: AMERICAN UNITED LIFE INSURANCE CO. Service code 15 · EIN 35-0145825 | Recordkeeping | $0 |
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.
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 | $2,212 | $44,989-95.1% | $170,435-98.7% | $77,958-97.2% |
| Participation rate | 43.9% | 64.6%-20.7pp | 83.6%-39.7pp | 71.6%-27.8pp |
| Annual return | 40.30% | 19.61%+20.7pp | 205.94%-165.6pp | 20.87%+19.4pp |
| Employer contribution / active EE | $0 | $1,466-100.0% | $5,432-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $591 | $2,208-73.2% | $4,939-88.0% | $3,537-83.3% |
| Admin fee / account holder | $4 | $69-93.7% | $13,881-100.0% | $97-95.5% |