Filed November 5, 2021
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 601 CONGRESS ST · BOSTON, MA 02210 | Recordkeeping | $375 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $10,630 | $71,192-85.1% | $117,861-91.0% | $62,293-82.9% |
| Participation rate | 65.7% | 74.2%-8.6pp | 79.7%-14.0pp | 69.5%-3.8pp |
| Annual return | 32.31% | 18.66%+13.7pp | 335.11%-302.8pp | 28.90%+3.4pp |
| Employer contribution / active EE | $761 | $1,934-60.7% | $3,786-79.9% | $2,042-62.7% |
| Participant deferral / active EE | $2,039 | $3,189-36.1% | $4,482-54.5% | $3,169-35.7% |
| Admin fee / account holder | $159 | $587-72.9% | $8,021-98.0% | $479-66.8% |