Filed October 1, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $72,097 | $46,877+53.8% | $122,354-41.1% | $70,126+2.8% |
| Participation rate | 50.6% | 58.2%-7.6pp | 71.6%-21.1pp | 69.5%-19.0pp |
| Annual return | 15.03% | 24.22%-9.2pp | 30.28%-15.3pp | 73.15%-58.1pp |
| Employer contribution / active EE | $1,530 | $1,288+18.8% | $4,051-62.2% | $2,343-34.7% |
| Participant deferral / active EE | $2,105 | $2,167-2.9% | $3,287-35.9% | $3,332-36.8% |
| Admin fee / account holder | $3 | $3,324-99.9% | $5,479-99.9% | $4,645-99.9% |