Filed April 24, 2024
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 |
|---|---|---|
JOHN HANCOCK LIFE INSURANCE COMPANY11+ years Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $874 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,280 | $108,549-35.3% | $156,263-55.0% | $85,563-17.9% |
| Participation rate | 99.6% | 77.1%+22.5pp | 78.9%+20.7pp | 66.0%+33.6pp |
| Annual return | 18.61% | 21.79%-3.2pp | 59.47%-40.9pp | 31.51%-12.9pp |
| Employer contribution / active EE | $3,630 | $2,690+35.0% | $4,333-16.2% | $2,654+36.8% |
| Participant deferral / active EE | $4,509 | $4,800-6.1% | $6,158-26.8% | $4,375+3.0% |
| Admin fee / account holder | $391 | $650-39.9% | $14,255-97.3% | $834-53.2% |