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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE AGENCY Service code 15 · EIN 01-0233346 | Recordkeeping | $1,337 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $0 | $41,467-100.0% | $67,313-100.0% | $55,725-100.0% |
| Participation rate | 0.0% | 62.5%-62.5pp | 69.1%-69.1pp | 70.9%-70.9pp |
| Annual return | 12.81% | 0.82%+12.0pp | -4.08%+16.9pp | 244.93%-232.1pp |
| Employer contribution / active EE | $654 | $1,316-50.3% | $2,566-74.5% | $2,078-68.5% |
| Participant deferral / active EE | $2,451 | $2,399+2.2% | $3,568-31.3% | $3,356-27.0% |
| Admin fee / account holder | $0 | $102-100.0% | $4,507-100.0% | $115-100.0% |