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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS COMPANY USA Service code 15 · EIN 01-0233346 | Recordkeeping | $75 |
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.
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 | $77,101 | $38,365+101.0% | $84,637-8.9% | $65,186+18.3% |
| Participation rate | 9.3% | 55.7%-46.4pp | 68.2%-58.9pp | 70.2%-60.9pp |
| Annual return | 21.87% | 32.00%-10.1pp | 258.82%-237.0pp | 29.39%-7.5pp |
| Employer contribution / active EE | $310 | $1,258-75.4% | $2,653-88.3% | $2,177-85.8% |
| Participant deferral / active EE | $591 | $2,278-74.1% | $3,900-84.9% | $3,514-83.2% |
| Admin fee / account holder | $39 | $451-91.3% | $4,914-99.2% | $847-95.4% |