Filed September 11, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346 | Recordkeeping | $121,177 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $162,257 | $93,131+74.2% | $106,554+52.3% | $86,828+86.9% |
| Participation rate | 60.5% | 81.4%-20.9pp | 76.1%-15.6pp | 72.3%-11.8pp |
| Annual return | 11.42% | 19.45%-8.0pp | 26.80%-15.4pp | 97.95%-86.5pp |
| Employer contribution / active EE | $3,304 | $2,895+14.1% | $2,819+17.2% | $2,406+37.3% |
| Participant deferral / active EE | $5,388 | $4,708+14.4% | $4,398+22.5% | $4,132+30.4% |
| Admin fee / account holder | $89 | $145-39.0% | $7,408-98.8% | $170-47.8% |