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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $561 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,130 | $46,332-50.1% | $143,799-83.9% | $64,819-64.3% |
| Participation rate | 22.5% | 64.2%-41.8pp | 80.3%-57.9pp | 71.5%-49.0pp |
| Annual return | -15.98% | -10.05%-5.9pp | -0.04%-15.9pp | 32.84%-48.8pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $1,998 | $2,647-24.5% | $5,638-64.6% | $4,311-53.7% |
| Admin fee / account holder | $208 | $154+35.3% | $14,677-98.6% | $188+10.8% |