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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 | Recordkeeping | $480 |
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 | $43,201 | $35,485+21.7% | $74,551-42.1% | $55,725-22.5% |
| Participation rate | 18.5% | 62.5%-44.0pp | 69.1%-50.6pp | 70.9%-52.3pp |
| Annual return | -6.53% | 0.72%-7.3pp | 32.53%-39.1pp | 244.93%-251.5pp |
| Employer contribution / active EE | $319 | $777-58.9% | $1,961-83.7% | $2,078-84.6% |
| Participant deferral / active EE | $668 | $2,181-69.4% | $3,108-78.5% | $3,356-80.1% |
| Admin fee / account holder | $280 | $114+144.8% | $5,059-94.5% | $115+143.0% |