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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 | Recordkeeping | $418 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,541 | $60,119-64.2% | $90,430-76.2% | $79,858-73.0% |
| Participation rate | 55.0% | 65.0%-10.0pp | 72.7%-17.7pp | 69.6%-14.6pp |
| Annual return | 33.77% | 71.94%-38.2pp | 1293.73%-1260.0pp | 31.72%+2.1pp |
| Employer contribution / active EE | $2,296 | $2,068+11.0% | $3,262-29.6% | $2,471-7.1% |
| Participant deferral / active EE | $3,360 | $2,938+14.4% | $3,963-15.2% | $3,740-10.2% |
| Admin fee / account holder | $214 | $3,976-94.6% | $5,613-96.2% | $5,306-96.0% |