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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO NY Service code 15 · EIN 13-3646501 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $848 |
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.
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 | $19,082 | $66,319-71.2% | $93,621-79.6% | $65,185-70.7% |
| Participation rate | 42.4% | 74.0%-31.6pp | 75.8%-33.5pp | 70.2%-27.8pp |
| Annual return | 18.28% | 42.59%-24.3pp | 32.76%-14.5pp | 29.38%-11.1pp |
| Employer contribution / active EE | $0 | $2,013-100.0% | $2,719-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $797 | $3,343-76.2% | $4,070-80.4% | $3,514-77.3% |
| Admin fee / account holder | $110 | $6,900-98.4% | $7,890-98.6% | $847-87.0% |