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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $414 |
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 | $32,003 | $33,745-5.2% | $64,105-50.1% | $55,191-42.0% |
| Participation rate | 21.6% | 59.4%-37.8pp | 68.2%-46.6pp | 69.2%-47.6pp |
| Annual return | 0.94% | 4.95%-4.0pp | 791.24%-790.3pp | 10.78%-9.8pp |
| Employer contribution / active EE | $323 | $641-49.6% | $1,820-82.3% | $1,899-83.0% |
| Participant deferral / active EE | $675 | $1,929-65.0% | $2,822-76.1% | $3,046-77.8% |
| Admin fee / account holder | $194 | $94+106.1% | $4,499-95.7% | $91+114.1% |