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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 | Recordkeeping | $1,626 |
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.
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).
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 | $24,259 | $72,770-66.7% | $67,652-64.1% | $55,191-56.0% |
| Participation rate | 36.3% | 78.8%-42.5pp | 75.7%-39.4pp | 69.2%-32.9pp |
| Annual return | 0.09% | -3.26%+3.3pp | 6625.40%-6625.3pp | 10.78%-10.7pp |
| Employer contribution / active EE | $412 | $1,769-76.7% | $2,266-81.8% | $1,899-78.3% |
| Participant deferral / active EE | $1,596 | $3,408-53.2% | $3,560-55.2% | $3,046-47.6% |
| Admin fee / account holder | $264 | $79+235.3% | $4,821-94.5% | $91+191.1% |