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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346 | Recordkeeping | $157 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,674 | $58,093-64.4% | $80,022-74.2% | $56,289-63.3% |
| Participation rate | 14.8% | 73.6%-58.9pp | 75.8%-61.1pp | 69.9%-55.1pp |
| Annual return | -5.13% | 34.63%-39.8pp | 11.22%-16.3pp | -9.96%+4.8pp |
| Employer contribution / active EE | $0 | $1,933-100.0% | $2,468-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $400 | $3,136-87.2% | $3,686-89.1% | $3,350-88.1% |
| Admin fee / account holder | $130 | $623-79.1% | $6,521-98.0% | $521-75.0% |