Filed June 11, 2019
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NJ 142010600 | Recordkeeping | $556 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,185 | $63,924-30.9% | $108,579-59.3% | $55,167-19.9% |
| Participation rate | 69.3% | 74.3%-5.0pp | 79.6%-10.2pp | 69.0%+0.3pp |
| Annual return | 4.28% | 15.31%-11.0pp | -51.70%+56.0pp | 169.23%-164.9pp |
| Employer contribution / active EE | $958 | $1,879-49.0% | $3,758-74.5% | $1,963-51.2% |
| Participant deferral / active EE | $2,593 | $3,067-15.4% | $4,311-39.8% | $3,054-15.1% |
| Admin fee / account holder | $220 | $618-64.4% | $7,645-97.1% | $504-56.4% |