See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE OF NY Service code 15 · EIN 13-3646501 | Recordkeeping | $351 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,054 | $94,529-78.8% | $140,016-85.7% | $64,186-68.8% |
| Participation rate | 49.4% | 84.1%-34.7pp | 87.5%-38.1pp | 69.6%-20.2pp |
| Annual return | 1.09% | 7.77%-6.7pp | 651.12%-650.0pp | 7.63%-6.5pp |
| Employer contribution / active EE | $706 | $3,812-81.5% | $5,606-87.4% | $2,381-70.4% |
| Participant deferral / active EE | $2,721 | $5,250-48.2% | $6,927-60.7% | $3,470-21.6% |
| Admin fee / account holder | $89 | $6,741-98.7% | $10,705-99.2% | $4,888-98.2% |