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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS COMPANY USA Service code 15 · EIN 01-0233346 | Recordkeeping | $25 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $81,204 | $43,133+88.3% | $89,435-9.2% | $73,497+10.5% |
| Participation rate | 7.7% | 55.0%-47.3pp | 68.0%-60.3pp | 70.7%-63.0pp |
| Annual return | 18.44% | 135.66%-117.2pp | 245.55%-227.1pp | 28.51%-10.1pp |
| Employer contribution / active EE | $308 | $1,438-78.6% | $2,587-88.1% | $2,270-86.4% |
| Participant deferral / active EE | $585 | $2,445-76.1% | $3,890-85.0% | $3,740-84.4% |
| Admin fee / account holder | $19 | $444-95.8% | $4,884-99.6% | $513-96.3% |