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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 | Recordkeeping | $248 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $26,559 | $100,801-73.7% | $149,745-82.3% | $73,412-63.8% |
| Participation rate | 50.3% | 77.7%-27.3pp | 82.5%-32.1pp | 72.2%-21.8pp |
| Annual return | 35.98% | 265.34%-229.4pp | 276.72%-240.7pp | 59.30%-23.3pp |
| Employer contribution / active EE | $1,182 | $3,312-64.3% | $4,646-74.5% | $2,234-47.1% |
| Participant deferral / active EE | $2,380 | $6,404-62.8% | $6,843-65.2% | $3,806-37.5% |
| Admin fee / account holder | $207 | $181+14.3% | $9,312-97.8% | $158+30.9% |