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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $350 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,769 | $104,479-82.0% | $159,474-88.2% | $79,391-76.4% |
| Participation rate | 80.9% | 76.6%+4.3pp | 82.8%-1.9pp | 70.7%+10.2pp |
| Annual return | 0.00% | 67.98%-68.0pp | 263.68%-263.7pp | 116.88%-116.9pp |
| Employer contribution / active EE | $3,599 | $3,417+5.3% | $4,831-25.5% | $2,428+48.2% |
| Participant deferral / active EE | $7,484 | $6,468+15.7% | $7,353+1.8% | $4,046+85.0% |
| Admin fee / account holder | $130 | $711-81.7% | $10,802-98.8% | $627-79.3% |